Adamstown Fire Company No 1

Analysis

Adamstown Fire Company No 1 is a registered charity in United States, based in Adamstown, PA. It received its IRS tax-exemption ruling in May 2023, 3 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, Adamstown Fire Company No 1 reported income of $147k and spending of $97k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $147k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 90% 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, Adamstown Fire Company No 1 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Mutual Aid Disaster Relief Inc ($147k), Sardis Volunteer Fire Department ($147k) and Brightview Landscapes Foundation ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $867k against liabilities of $134k, net assets of $733k.