Central Fire Company No 1

Analysis

Central Fire Company No 1 is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Central Fire Company No 1 reported income of $243k and spending of $260k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $243k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Fire Company No 1 sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($243k), The Westmont College Foundation ($243k) and Coach Kids of Clinton County Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.1m against liabilities of $1,626, net assets of $1.1m.