New Market Fire & Rescue Inc

Analysis

New Market Fire & Rescue Inc is a registered charity in United States, based in New Market, VA. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, New Market Fire & Rescue Inc reported income of $412k and spending of $380k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $412k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 62% 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, New Market Fire & Rescue Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Glen Rose Community Volunteer Fire Department ($412k), Central Shenandoah Ems Council Inc ($412k) and North Halifax Volunteer Fire Department Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $2.9m against liabilities of $118k, net assets of $2.7m.