Towamensing Township Volunteer Fire Company

Analysis

Towamensing Township Volunteer Fire Company is a registered charity in United States, based in Palmerton, PA. It received its IRS tax-exemption ruling in May 2020, 6 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, Towamensing Township Volunteer Fire Company reported income of $241k and spending of $142k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $241k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 89% 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, Towamensing Township Volunteer Fire Company sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Haycock Fire Company No 1 ($241k), Independent Fire Co of Mt Kisco Inc ($241k) and Pine Ridge Volunteer Fire Department ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.1m against liabilities of $239k, net assets of $903k.