Funkstown Volunteer Fire Co

Analysis

Funkstown Volunteer Fire Co is a registered charity in United States, based in Funkstown, MD. It received its IRS tax-exemption ruling in April 1938, 88 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, Funkstown Volunteer Fire Co reported income of $491k and spending of $428k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $271k to $491k (+81%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 124%. Over the whole period it spent 80% 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, Funkstown Volunteer Fire Co sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Orange Volunteer Fire Co Inc ($491k), Project Give Back to Community ($492k) and Morrisville Fire Company ($491k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $64k. At year end it held assets of $2.6m against liabilities of $2,113, net assets of $2.6m. It reported 5 employees.