Joppa Magnolia Volunteer Fire Co Inc

Analysis

Joppa Magnolia Volunteer Fire Co Inc is a registered charity in United States, based in Joppa, MD. It received its IRS tax-exemption ruling in March 2014, 12 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 2024, Joppa Magnolia Volunteer Fire Co Inc reported income of $1.6m and spending of $1.1m, leaving 31% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.0m to $1.6m (-47%), an average of -12% a year. The sharpest change came in the year to June 2024, when income dropped by 15%. Over the whole period it spent 79% 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, Joppa Magnolia Volunteer Fire Co Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Trauma Resource Institute Inc ($1.6m), Deaf & Hearing Impaired Service Inc ($1.6m) and Puppy Creek Fire Department Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 2.0% of the total. At year end it held assets of $6.7m against liabilities of $711k, net assets of $6.0m.