Keystone Hook & Ladder No 1

Analysis

Keystone Hook & Ladder No 1 is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in January 1992, 34 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, Keystone Hook & Ladder No 1 reported income of $844k and spending of $131k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $844k (+189%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 31% 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, Keystone Hook & Ladder No 1 sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Mardela Springs Volunteer Fire Company Incorporated ($844k), Little Creek Volunteer Fire Company ($844k) and Grasonville Volunteer Fire Dept ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $4.4m against liabilities of $1,272, net assets of $4.4m.