Lamott Fire Company No 1

Analysis

Lamott Fire Company No 1 is a registered charity in United States, based in Elkins Park, PA. It received its IRS tax-exemption ruling in May 2005, 21 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, Lamott Fire Company No 1 reported income of $341k and spending of $286k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $341k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 75% 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, Lamott Fire Company No 1 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 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Lansdowne Volunteer Fire Association No 1 Inc ($341k), Gallatin-Sunnyside Volunteer Fire Company of Forward Township ($341k) and District 6 Hospital Preparedness Planning Committee Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.4m against liabilities of $387k, net assets of $2.1m.