Phoenix Hose Hook & Ladder Co No 1

Analysis

Phoenix Hose Hook & Ladder Co No 1 is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in August 1996, 30 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, Phoenix Hose Hook & Ladder Co No 1 reported income of $249k and spending of $176k, leaving 29% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $353k to $249k (-30%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 114% 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, Phoenix Hose Hook & Ladder Co No 1 sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Palm Beach Gardens Police and Fire Rescue Foundation Inc ($249k), North Strabane Township Volunteer Fire Department ($249k) and South Windham Vol Fire Dept ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $92k. At year end it held assets of $341k against liabilities of $7,531, net assets of $334k. It reported 26 employees.