The United Fire Company of Montrose Penna

Analysis

The United Fire Company of Montrose Penna is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in March 2015, 11 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 July 2023, The United Fire Company of Montrose Penna reported income of $527k and spending of $272k, leaving 48% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $827k to $527k (-36%), an average of -11% a year. The sharpest change came in the year to July 2020, when income dropped by 48%. Over the whole period it spent 61% 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, The United Fire Company of Montrose Penna sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Cople District Volunteer Fire Dept ($526k), Western Wayne Ambulance Inc ($527k) and Dunellen Rescue Squad Inc ($525k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 68% and program service revenue 1.3% of the total. It paid $3,288 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $873k, net assets of $2.7m.