Cheltenham Hook and Ladder Company No 1

Analysis

Cheltenham Hook and Ladder Company No 1 is a registered charity in United States, based in Cheltenham, PA. It received its IRS tax-exemption ruling in April 1996, 30 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, Cheltenham Hook and Ladder Company No 1 reported income of $339k and spending of $228k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $339k (+60%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 90% 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, Cheltenham Hook and Ladder Company No 1 sits at the 75th percentile: it is larger than about 74% 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 Association of Memorial Stair Climbs ($339k), Fleetwood Vol Fire Co 1 ($339k) and Huntington Lake Volunteer Fire Department ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.2m against liabilities of $435k, net assets of $1.7m.