Hopewell Fire Department

Analysis

Hopewell Fire Department is a registered charity in United States, based in Hopewell, NJ. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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, Hopewell Fire Department reported income of $293k and spending of $230k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $293k (+163%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopewell Fire Department sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Oil of Joy Ministries 11 Inc ($293k), Aware Inc ($293k) and Little League Baseball Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $658k against liabilities of $86k, net assets of $572k.