The Harney Volunteer Fire Company Incorporated

Analysis

The Harney Volunteer Fire Company Incorporated is a registered charity in United States, based in Taneytown, MD. It received its IRS tax-exemption ruling in April 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Harney Volunteer Fire Company Incorporated reported income of $232k and spending of $270k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $455k to $232k (-49%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 100% 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, The Harney Volunteer Fire Company Incorporated sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Wales Center Volunteer Fire Co Inc ($232k), East Maine Fire Company Inc ($232k) and Ringgold Area Volunteer Fire Company ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.2m against liabilities of $579k, net assets of $617k.