Norwood Fire Co-1

Analysis

Norwood Fire Co-1 is a registered charity in United States, based in Norwood, PA. It received its IRS tax-exemption ruling in November 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norwood Fire Co-1 reported income of $753k and spending of $584k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $753k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 85% 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, Norwood Fire Co-1 sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Manchester Fire Engine & Hook & Ladder Co No 1 ($752k), Saluda Volunteer Fire & Rescue Inc ($755k) and Disaster Relief at Work Inc ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $87k (15% of expenses). Other salaries and wages came to $305k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 29 employees.