Ridge Fire Company No 1

Analysis

Ridge Fire Company No 1 is a registered charity in United States, based in Spring City, PA. It received its IRS tax-exemption ruling in May 2000, 26 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, Ridge Fire Company No 1 reported income of $488k and spending of $355k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $488k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridge Fire Company No 1 sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Michigan Future Inc ($488k), Tiffin Seneca United Way Inc ($488k) and Young Womens Christian Association ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. It paid $4,005 in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $150k, net assets of $5.6m.