Lutherville Volunteer Fire Company

Analysis

Lutherville Volunteer Fire Company is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in November 1944, 82 years ago. 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 December 2023, Lutherville Volunteer Fire Company reported income of $909k and spending of $648k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $909k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 703%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutherville Volunteer Fire Company sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Public Resource Org Inc ($909k), University Plaza Nursery School Inc ($910k) and Promising Pages ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. It paid $19k in professional fundraising fees. At year end it held assets of $11.1m against liabilities of $81k, net assets of $11.0m.