Union Fire Company of Cornwells Heights Pa

Analysis

Union Fire Company of Cornwells Heights Pa is a registered charity in United States, based in Bensalem, PA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Union Fire Company of Cornwells Heights Pa reported income of $312k and spending of $307k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $312k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Fire Company of Cornwells Heights Pa sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Red Lake Falls Childrens Center Inc ($312k), Granada Supporters Club ($312k) and Telugu Fine Arts Society Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $950k, net assets of $615k.