Longwood Fire Co

Analysis

Longwood Fire Co is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in February 1942, 84 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, Longwood Fire Co reported income of $4.9m and spending of $4.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $4.9m (+125%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 100% 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, Longwood Fire Co sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include National Association of State Boating Law Administrators Inc ($4.8m), St Louis Police Foundation ($4.9m) and Foundation for Louisiana ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $165k (3.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.2m against liabilities of $767k, net assets of $4.5m. It reported 65 employees.