Solomons Volunteer Rescue Squad and Fire Department Inc

Analysis

Solomons Volunteer Rescue Squad and Fire Department Inc is a registered charity in United States, based in Solomons, MD. It received its IRS tax-exemption ruling in March 2017, 9 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 September 2023, Solomons Volunteer Rescue Squad and Fire Department Inc reported income of $604k and spending of $609k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $557k to $604k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to September 2021, when income rose by 54%. Over the whole period it spent 90% 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, Solomons Volunteer Rescue Squad and Fire Department Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Newbury Volunteer Fire Department Inc ($604k), Oxford Fire Company Endowment Inc ($604k) and Walnut Cove Volunteer Fire Department and Rescue Squad Incorp ($603k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.