Cornwells Fire Company-1

Analysis

Cornwells Fire Company-1 is a registered charity in United States, based in Bensalem, PA. It received its IRS tax-exemption ruling in December 2014, 12 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, Cornwells Fire Company-1 reported income of $497k and spending of $512k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $497k (+129%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 93% 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, Cornwells Fire Company-1 sits at the 83rd percentile: it is larger than about 83% 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 Chatham Rescue Squad ($496k), Fredonia Volunteer Fire Department Inc ($497k) and Iowa Falls Firefighters Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. It paid $2,269 in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $1.0m, net assets of $1.6m.