Newtown Square Fire Co No 1 Inc

Analysis

Newtown Square Fire Co No 1 Inc is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in February 1950, 76 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, Newtown Square Fire Co No 1 Inc reported income of $807k and spending of $740k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $807k (-29%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newtown Square Fire Co No 1 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Glenwood South ($807k), Innoceana ($807k) and Fa-Ho-Lo Family Inc ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Other salaries and wages came to $142k. It paid $9,916 in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $2.0m, net assets of $3.8m. It reported 20 employees.