Springfield Fire Company

Analysis

Springfield Fire Company is a registered charity in United States, based in Springfield, PA. It received its IRS tax-exemption ruling in July 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, Springfield Fire Company reported income of $614k and spending of $602k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $614k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 98% 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, Springfield Fire Company sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Sugar Grove Volunteer Fire Dept ($614k), Tippecanoe Environmental Lake & Watershed Foundation Inc ($614k) and Goochland County Volunteer Fire- Rescue Association Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $12k (2.0% of expenses). Other salaries and wages came to $287k. It paid $4,564 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $699k, net assets of $485k. It reported 40 employees.