Norco Fire Company

Analysis

Norco Fire Company is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in July 2001, 25 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, Norco Fire Company reported income of $496k and spending of $408k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $496k (+304%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 134% 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, Norco Fire Company 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 Red Hill Fire Co ($496k), Iowa Falls Firefighters Inc ($496k) and Battleboro Rural Fire Department H L Harrison Fire District Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $3.4m against liabilities of $1.1m, net assets of $2.3m.