Benedict Volunteer Fire Department & Rescue Squad & Auxiliary Inc

Analysis

Benedict Volunteer Fire Department & Rescue Squad & Auxiliary Inc is a registered charity in United States, based in Benedict, MD. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Benedict Volunteer Fire Department & Rescue Squad & Auxiliary Inc reported income of $675k and spending of $906k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $563k to $675k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 26%. 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, Benedict Volunteer Fire Department & Rescue Squad & Auxiliary Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Reno Volunteer Fire Department ($675k), In Control Family Foundation Inc ($676k) and Wrights Corners Fire Company Inc ($673k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $5.2m against liabilities of $3.0m, net assets of $2.2m.