Reliance Hook and Ladder Company No 1 of Boothwyn Pa

Analysis

Reliance Hook and Ladder Company No 1 of Boothwyn Pa is a registered charity in United States, based in Uppr Chichstr, PA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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, Reliance Hook and Ladder Company No 1 of Boothwyn Pa reported income of $182k and spending of $81k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $182k (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reliance Hook and Ladder Company No 1 of Boothwyn Pa sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Good Shepherd Fairview Foundation Inc ($182k), The Christian Assistance Foundation ($182k) and Lufkin Band Boosters ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $1.1m against liabilities of $601k, net assets of $497k.