Hope Volunteer Fire Department Inc

Analysis

Hope Volunteer Fire Department Inc is a registered charity in United States, based in Hope, IN. It received its IRS tax-exemption ruling in December 2018, 8 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, Hope Volunteer Fire Department Inc reported income of $161k and spending of $234k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $161k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Volunteer Fire Department Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Steps Ministries ($161k), Candlelighters Childhood Cancer Foundation of Southern Arizona ($161k) and Seacoast Nursing and Rehabilitation Center Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $817k against liabilities of $493k, net assets of $324k.

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.