Volunteer Fire Company No 1

Analysis

Volunteer Fire Company No 1 is a registered charity in United States, based in New Buffalo, PA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. 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 2022, Volunteer Fire Company No 1 reported income of $89k and spending of $116k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $117k to $89k (-24%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Fire Company No 1 sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include National Association of Charitable Gift Planners ($89k), Living Word International Inc ($89k) and Society of American Military Engineers ($89k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $456k against liabilities of $0, net assets of $456k.