William M Singerly Steam Fire

Analysis

William M Singerly Steam Fire is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in September 1979, 47 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 December 2023, William M Singerly Steam Fire reported income of $4.0m and spending of $3.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William M Singerly Steam Fire sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Search to Involve Pilipino Americans ($4.0m), Grolier Club of the City of New York ($4.0m) and E-Tron Systems Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 34% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $16.7m against liabilities of $305k, net assets of $16.4m. It reported 50 employees.