Nicholson Fire Company No 1

Analysis

Nicholson Fire Company No 1 is a registered charity in United States, based in Nicholson, PA. It received its IRS tax-exemption ruling in November 1998, 28 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, Nicholson Fire Company No 1 reported income of $102k and spending of $57k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $102k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 97% 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, Nicholson Fire Company No 1 sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Germania Volunteer Fire Company No 2 ($102k), Friends of Josephine County Search & Rescue ($102k) and Manchester Township Volunteer Fire Company No 1 ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 24% of the total. At year end it held assets of $681k against liabilities of $0, net assets of $681k.