Hose Co No 1 Honesdale Fire Department

Analysis

Hose Co No 1 Honesdale Fire Department is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in February 2005, 21 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, Hose Co No 1 Honesdale Fire Department reported income of $844k and spending of $776k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $844k (+1111%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 641%. Over the whole period it spent 95% 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, Hose Co No 1 Honesdale Fire Department 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 Loretto Volunteer Fire Dept Inc ($844k), Coalicion Fortaleza ($845k) and New Salem Volunteer Fire Department Inc ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $1,100 (0.1% of expenses). At year end it held assets of $595k against liabilities of $5,962, net assets of $589k.