Union Bridge Volunteer Fire Co Inc

Analysis

Union Bridge Volunteer Fire Co Inc is a registered charity in United States, based in Union Bridge, MD. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Union Bridge Volunteer Fire Co Inc reported income of $1.2m and spending of $917k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Bridge Volunteer Fire Co Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include NCCC Foundation Inc ($1.2m), Reasons for Hope ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 8.3% of the total. Other salaries and wages came to $491k. At year end it held assets of $2.5m against liabilities of $345k, net assets of $2.2m. It reported 25 employees.