The Kingsville Volunteer Fire Company

Analysis

The Kingsville Volunteer Fire Company is a registered charity in United States, based in Kingsville, MD. It received its IRS tax-exemption ruling in May 1992, 34 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, The Kingsville Volunteer Fire Company reported income of $674k and spending of $760k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $674k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Kingsville Volunteer Fire Company sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Holstein Foundation Inc ($674k), Guide Dogs of Hawaii Adaptive AIDS Canines & Advocacy for the Blind ($674k) and Oaks Foundation ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $176k. At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.