Hope Fire Engine & Hose Co No 1

Analysis

Hope Fire Engine & Hose Co No 1 is a registered charity in United States, based in Manheim, PA. It received its IRS tax-exemption ruling in September 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, Hope Fire Engine & Hose Co No 1 reported income of $352k and spending of $364k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $352k (-85%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 35% 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, Hope Fire Engine & Hose Co No 1 sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Kearsarge Fire Department ($351k), South Side Volunteer Fire Department Incorporated ($352k) and Town of Binghamton Volunteer Fire Co Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 0.8% of the total. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.