Hereford Volunteer Fire Company Inc

Analysis

Hereford Volunteer Fire Company Inc is a registered charity in United States, based in Hereford, PA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hereford Volunteer Fire Company Inc reported income of $67k and spending of $69k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $145k to $67k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hereford Volunteer Fire Company Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Substance Abuse Service for Clayton County Inc ($67k), Eastside Meeting Place Inc ($67k) and Beat Cancer Today Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. It paid $794 in professional fundraising fees. At year end it held assets of $556k against liabilities of $110k, net assets of $446k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.