Monarch Fire Company No 1

Analysis

Monarch Fire Company No 1 is a registered charity in United States, based in Douglassville, PA. It received its IRS tax-exemption ruling in June 2004, 22 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, Monarch Fire Company No 1 reported income of $440k and spending of $417k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $440k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 90% 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, Monarch Fire Company No 1 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Goodson-Kinderhook Volunteer Fire Dept Inc ($439k), Blackmans Crossroads Volunteer Fire Department Inc ($440k) and Central Alexander Fire Department Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 4.4% of the total. Other salaries and wages came to $90k. At year end it held assets of $1.4m against liabilities of $494k, net assets of $879k. It reported 12 employees.