Portland Hook & Ladder Co 1

Analysis

Portland Hook & Ladder Co 1 is a registered charity in United States, based in Portland, PA. It received its IRS tax-exemption ruling in July 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portland Hook & Ladder Co 1 reported income of $254k and spending of $315k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $254k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 106% 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, Portland Hook & Ladder Co 1 sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Professional Fire Fighters of Nevada Benevolent Association ($253k), Spartansburg Volunteer Fire Dept & Relief Assn ($254k) and Lincoln County Transportation Service Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 2.2% of the total. At year end it held assets of $615k against liabilities of $228k, net assets of $387k.

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.