Lookout Fire Co 1

Analysis

Lookout Fire Co 1 is a registered charity in United States, based in Pen Argyl, PA. It received its IRS tax-exemption ruling in May 1991, 35 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, Lookout Fire Co 1 reported income of $192k and spending of $91k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $192k (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lookout Fire Co 1 sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Threepenny Review ($192k), Independent Lifestyles Inc ($192k) and San Ramon Valley Education Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $1,120 (1.2% of expenses). At year end it held assets of $590k against liabilities of $42k, net assets of $548k.