Horsham Fire Company No 1

Analysis

Horsham Fire Company No 1 is a registered charity in United States, based in Horsham, PA. It received its IRS tax-exemption ruling in February 2015, 11 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, Horsham Fire Company No 1 reported income of $3.4m and spending of $2.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 94% 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, Horsham Fire Company No 1 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Humanity Forward Foundation ($3.4m), Ukrainian Resistance Foundation ($3.4m) and WV Voluntary Organizations Active in Disaster ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $6.6m against liabilities of $1.3m, net assets of $5.3m.