Fort Washington Fire Company No 1

Analysis

Fort Washington Fire Company No 1 is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in February 2005, 21 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, Fort Washington Fire Company No 1 reported income of $568k and spending of $557k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $568k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 100% 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, Fort Washington Fire Company No 1 sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Kempsville Volunteer Rescue Squad ($568k), Rehobeth Volunteer Fire Rescue ($570k) and Arlington Fire and Rescue Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 3.5% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.