Newport Fire Company

Analysis

Newport Fire Company is a registered charity in United States, based in Bensalem, PA. It received its IRS tax-exemption ruling in June 1991, 35 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, Newport Fire Company reported income of $441k and spending of $379k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $441k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Fire Company sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Camp Haluwasa Inc ($441k), Ichf Foundation ($441k) and Raedi Foundation ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.6% of the total. At year end it held assets of $2.4m against liabilities of $949k, net assets of $1.4m.