Hancock Fire Co

Analysis

Hancock Fire Co is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in May 1945, 81 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, Hancock Fire Co reported income of $104k and spending of $119k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $104k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hancock Fire Co sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Steamer 10 Theatre Inc ($104k), Brick American Baseball League Inc ($104k) and North Orange County Childrens Choir ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.1m against liabilities of $89k, net assets of $1.0m.

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.