Westwood Fire Company 1

Analysis

Westwood Fire Company 1 is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in February 2002, 24 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, Westwood Fire Company 1 reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 92% 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, Westwood Fire Company 1 sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Deaf & Hearing Impaired Service Inc ($1.6m), Walkertown Volunteer Fire Department Incorporated ($1.6m) and Joppa Magnolia Volunteer Fire Co Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 32% of the total. Other salaries and wages came to $928k. It paid $27k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $98k, net assets of $1.2m. It reported 52 employees.