Lake Winola Fire Company No 1

Analysis

Lake Winola Fire Company No 1 is a registered charity in United States, based in Lake Winola, PA. It received its IRS tax-exemption ruling in February 2004, 22 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, Lake Winola Fire Company No 1 reported income of $419k and spending of $302k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $419k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Lake Winola Fire Company No 1 sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Acts Response Team Inc ($419k), Roadway Safety Foundation ($419k) and Coudersport Volunteer Fire Department Inc ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 28% of the total. At year end it held assets of $2.0m against liabilities of $324k, net assets of $1.7m.