Philadelphia Steam Fire Engine Co No 1 of the Borough of Pottstown

Analysis

Philadelphia Steam Fire Engine Co No 1 of the Borough of Pottstown is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in April 2018, 8 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, Philadelphia Steam Fire Engine Co No 1 of the Borough of Pottstown reported income of $592k and spending of $590k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $520k to $592k (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 98% 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, Philadelphia Steam Fire Engine Co No 1 of the Borough of Pottstown sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include First Volunteer Fire Company of Bergholz ($592k), Potosi Volunteer Fire Department Inc ($594k) and Allied Emergency Services Inc ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 15% of the total. Other salaries and wages came to $181k. At year end it held assets of $615k against liabilities of $16k, net assets of $599k. It reported 10 employees.