Volunteer Fire Company No 1 of Chesapeake City Incorporated
Only null% goes to programs Strong reserves
Volunteer Fire Company No 1 of Chesapeake City Incorporated is a 501(c)(3) organization based in Chesapeake Cy, Maryland, registered in 2024, with $585,331 in FY2024 revenue. CharityIndex grades it B.
215 Lock St, Chesapeake Cy, MD, 21915 EIN 23-7110718 Since 2024
Revenue (FY2024)
$585K
▼ 10.3% vs prior year
Public Safety median: $166K
Expenses (FY2024)
$613K
Net assets
$2.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Volunteer Fire Company No 1 of Chesapeake City Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating52 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Volunteer Fire Company No 1 of Chesapeake City Incorporated: 52 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Volunteer Fire Company No 1 of Chesapeake City Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Volunteer Fire Company No 1 of Chesapeake City Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 215 Lock St, Chesapeake Cy, MD, 21915
- City
- Chesapeake Cy
- State
- Maryland
- Subcategory
- Disaster Preparedness & Relief
- Website
- …
Financial trends
Revenue grew from $387K (FY2013) to $585K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8,615Net assets $2.7M
Operating margin
-4.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$8,615
Net assets
$2.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $585,331▼10.3% | $612,589▲16.4% | $2,652,078▼1.0% | $2,660,693▼1.4% | 990 |
| 2023 | $652,787▲26.6% | $526,118▲34.3% | $2,679,336▲33.9% | $2,699,743▲32.7% | 990 |
| 2022 | $515,678▼22.8% | $391,627▼43.6% | $2,001,436▲6.6% | $2,034,927▲4.1% | 990 |
| 2021 | $668,221▲34.9% | $694,069▲53.1% | $1,877,385▲6.5% | $1,955,208▲5.2% | 990 |
| 2020 | $495,317▼46.7% | $453,429▼53.4% | $1,762,029▲2.4% | $1,857,851▲8.0% | 990 |
| 2019 | $929,925▲59.7% | $972,686▲119% | $1,720,141▼2.4% | $1,720,339▼2.4% | 990 |
| 2018 | $582,395▲42.3% | $443,863▼1.5% | $1,762,902▲17.4% | $1,762,902▲7.7% | 990 |
| 2017 | $409,187▲11.0% | $450,507▲11.6% | $1,501,399▼2.7% | $1,636,692▼6.2% | 990 |
| 2016 | $368,632▼11.2% | $403,751▼6.4% | $1,542,719▲7.2% | $1,744,154▲3.3% | 990 |
| 2015 | $415,003▲16.5% | $431,496▲0.2% | $1,439,326▼11.7% | $1,687,933▼8.3% | 990 |
| 2014 | $356,239▼7.9% | $430,510▲3.1% | $1,630,848▼4.4% | $1,840,550▼6.8% | 990 |
| 2013 | $386,707 | $417,702▲11.0% | $1,705,119▼1.8% | $1,974,712▲4.1% | 990 |
| 2012 | — | $376,455 | $1,736,114 | $1,896,481 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Volunteer Fire Company No 1 of Chesapeake City Incorporated
Frequently asked questions
- Is Volunteer Fire Company No 1 of Chesapeake City Incorporated a legitimate nonprofit?
- Yes. Volunteer Fire Company No 1 of Chesapeake City Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7110718, based in Chesapeake Cy, Maryland. Donations are tax-deductible.
- What is Volunteer Fire Company No 1 of Chesapeake City Incorporated's EIN?
- Volunteer Fire Company No 1 of Chesapeake City Incorporated's Employer Identification Number (EIN) is 23-7110718.
- How much revenue does Volunteer Fire Company No 1 of Chesapeake City Incorporated report?
- Volunteer Fire Company No 1 of Chesapeake City Incorporated reported $585,331 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Volunteer Fire Company No 1 of Chesapeake City Incorporated have?
- CharityIndex grades Volunteer Fire Company No 1 of Chesapeake City Incorporated B, based on financial health (reserves and operating margin).
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Data for Volunteer Fire Company No 1 of Chesapeake City Incorporated (EIN 23-7110718) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.