Minquas Fire Company 2 Inc

Analysis

Minquas Fire Company 2 Inc is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in April 2012, 14 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, Minquas Fire Company 2 Inc reported income of $3.4m and spending of $3.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.4m (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 106% 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, Minquas Fire Company 2 Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Friendswood Volunteer Fire Dept Inc ($3.4m), Mahopac Volunteer Fire Department Inc ($3.5m) and Kentucky Medical Logistics Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $3.4m against liabilities of $842k, net assets of $2.5m. It reported 61 employees.