Coolbaugh Township Volunteer Fire Company

Analysis

Coolbaugh Township Volunteer Fire Company is a registered charity in United States, based in Tobyhanna, PA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. 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, Coolbaugh Township Volunteer Fire Company reported income of $1.0m and spending of $890k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $1.0m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coolbaugh Township Volunteer Fire Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Canyons Aquatic Club Inc ($1.0m), Final Victory Animal Rescue Inc ($1.0m) and Fresh Start Ministries of Central Florida Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1,200 (0.1% of expenses). It paid $12k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.6m.