Chestnut Ridge Volunteer Fire Company

Analysis

Chestnut Ridge Volunteer Fire Company is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in November 2009, 17 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 December 2023, Chestnut Ridge Volunteer Fire Company reported income of $1.3m and spending of $622k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $763k to $1.3m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 66% 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, Chestnut Ridge Volunteer Fire Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Baker Hill Fire and Rescue LLC ($1.3m), Cajun Navy Relief Inc ($1.3m) and Audi Car Club of North America ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 14% of the total. At year end it held assets of $5.8m against liabilities of $1.2m, net assets of $4.6m.