Hooversville Volunteer Fire Company

Analysis

Hooversville Volunteer Fire Company is a registered charity in United States, based in Hooversville, PA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hooversville Volunteer Fire Company reported income of $97k and spending of $125k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $97k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hooversville Volunteer Fire Company sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Hay Springs School-Community Foundation ($97k), Greater Philadelphia Charitable Organization ($97k) and Homeless Outreach Mitigation and Emergency Center ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 8.1% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.