Volunteer Fire Company Number One of Laurel Maryland Inc

Analysis

Volunteer Fire Company Number One of Laurel Maryland Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Volunteer Fire Company Number One of Laurel Maryland Inc reported income of $553k and spending of $396k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $412k to $553k (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 91%. Over the whole period it spent 74% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Volunteer Fire Company Number One of Laurel Maryland Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Feasterville Fire Company ($553k), Cumberland Empowerment Zone Corporation ($554k) and Friendship Fire and Hose Company No 1 of Elizabethtown Pennsylvania ($553k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.7% of the total. At year end it held assets of $4.6m against liabilities of $221k, net assets of $4.4m.