Tremont Fire Co No 1

Analysis

Tremont Fire Co No 1 is a registered charity in United States, based in Tremont, PA. It received its IRS tax-exemption ruling in October 1997, 29 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, Tremont Fire Co No 1 reported income of $136k and spending of $92k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $182k to $136k (-25%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 78% 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, Tremont Fire Co No 1 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Eastford Independent Fire Co No 1 ($136k), Dryridge Volunter Fire Dept ($136k) and Middlebrook Volunteer Fire Department Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $378k against liabilities of $29k, net assets of $349k.