Goshen Fire Company

Analysis

Goshen Fire Company is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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, Goshen Fire Company reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goshen Fire Company 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 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Calvary Episcopal School ($3.5m), Governors Partnership to Protect Connecticuts Workforce Inc ($3.5m) and Society of St Vincent de Paul of the Joliet Diocesan Council Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $174k (5.1% of expenses). At year end it held assets of $9.8m against liabilities of $17k, net assets of $9.8m.