Mount Hope Fire Co No 1

Analysis

Mount Hope Fire Co No 1 is a registered charity in United States, based in Wharton, NJ. It received its IRS tax-exemption ruling in January 2015, 11 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, Mount Hope Fire Co No 1 reported income of $118k and spending of $95k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $118k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 70% 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, Mount Hope Fire Co No 1 sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include The Falls Village Volunteer Fire Department Incorporated ($118k), Walkersville Volunteer Fire Dept Inc ($118k) and Willow Grove Volunteer Fire Co 1 ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.