Ludwigs Corner Fire Company No 1

Analysis

Ludwigs Corner Fire Company No 1 is a registered charity in United States, based in Glenmoore, PA. It received its IRS tax-exemption ruling in December 1974, 52 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, Ludwigs Corner Fire Company No 1 reported income of $870k and spending of $408k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $314k to $870k (+177%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 48% 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, Ludwigs Corner Fire Company 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 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include West Ridge Fire Department ($869k), Briaroaks Volunteer Fire Department ($870k) and Chester Volunteer Firemens Association ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 0.3% of the total. At year end it held assets of $7.0m against liabilities of $146k, net assets of $6.8m.