Hope Fire Company

Analysis

Hope Fire Company is a registered charity in United States, based in Allentown, NJ. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Hope Fire Company reported income of $113k and spending of $212k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $211k to $113k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Fire Company sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Guild-Of-Creative-Art ($113k), Sanderson Music Boosters ($113k) and Sierra Law Enforcement Chaplaincy Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $644k against liabilities of $0, net assets of $644k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.