Throop Hose Company Number 1

Analysis

Throop Hose Company Number 1 is a registered charity in United States, based in Throop, PA. It received its IRS tax-exemption ruling in December 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Throop Hose Company Number 1 reported income of $71k and spending of $74k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $71k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 113% 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, Throop Hose Company Number 1 sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Southern Pines Volunteer Fire and Rescue Foundation ($71k), Tow Volunteer Fire Department Inc ($71k) and Burnsville Volunteer Fire Department Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $252k against liabilities of $0, net assets of $252k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.