Taneytown Volunteer Fire Company No 1 Incorporated

Analysis

Taneytown Volunteer Fire Company No 1 Incorporated is a registered charity in United States, based in Taneytown, MD. It received its IRS tax-exemption ruling in October 2022, 4 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 2024, Taneytown Volunteer Fire Company No 1 Incorporated reported income of $485k and spending of $446k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $485k (-56%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 61%. Over the whole period it spent 94% 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, Taneytown Volunteer Fire Company No 1 Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include East Nash Volunteer Fire Department Inc ($484k), Safe Corridors ($485k) and Flowes Store Volunteer Fire Department ($484k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $3.1m against liabilities of $216k, net assets of $2.9m.