College Park Volunteer Fire Department Inc

Analysis

College Park Volunteer Fire Department Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in February 2009, 17 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, College Park Volunteer Fire Department Inc reported income of $520k and spending of $1.1m, spending 203% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $441k to $520k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 273%. Over the whole period it spent 72% 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, College Park Volunteer Fire Department Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Lake of the Woods Volunteer Fire & Rescue Company Inc ($519k), Churchville Fire Dept ($520k) and Smithsburg Community Volunteer Fire Company ($518k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. At year end it held assets of $2.3m against liabilities of $671k, net assets of $1.7m.