Kennett Fire Company Number 1

Analysis

Kennett Fire Company Number 1 is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in August 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kennett Fire Company Number 1 reported income of $998k and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $916k to $998k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 103% 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, Kennett Fire Company Number 1 sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include East Montpelier Volunteer Fire Dept Inc ($996k), Junaluska Community Volunteer Fire Dept Inc ($999k) and Middletown Volunteer Fire Department Incorporated ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.6% of the total. Other salaries and wages came to $330k. It paid $7,715 in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $758k, net assets of $2.0m.

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.