Lake Harmony Volunteer Fire Company

Analysis

Lake Harmony Volunteer Fire Company is a registered charity in United States, based in Lake Harmony, PA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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, Lake Harmony Volunteer Fire Company reported income of $426k and spending of $367k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $426k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Harmony Volunteer Fire Company sits at the 66th percentile: it is larger than about 66% 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 Brockerhoff House Corp ($426k), PTA California Congress of Parents Teachers & Students Inc ($426k) and Centerville Band Boosters Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.4% of the total. At year end it held assets of $3.5m against liabilities of $625k, net assets of $2.9m.