Hereford Volunteer Fire Company Inc

Analysis

Hereford Volunteer Fire Company Inc is a registered charity in United States, based in Monkton, MD. It received its IRS tax-exemption ruling in May 1991, 35 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, Hereford Volunteer Fire Company Inc reported income of $974k and spending of $289k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $676k to $974k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 51% 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, Hereford Volunteer Fire Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Parsonsburg Fire Co Inc ($974k), Raystown Ambulance Service ($975k) and Warwick Township Fire Company No 1 ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $7.8m against liabilities of $1.2m, net assets of $6.6m.