Radnor Fire Company of Wayne

Analysis

Radnor Fire Company of Wayne is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in March 1991, 35 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, Radnor Fire Company of Wayne reported income of $2.7m and spending of $3.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Radnor Fire Company of Wayne sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Santa Fe Boys & Girls Club Inc ($2.7m), Storyteller Childrens Center Inc ($2.7m) and Corner Health Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $10k (0.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.4m against liabilities of $328k, net assets of $6.1m. It reported 36 employees.