Newburg-Hopewell Volunteer Fire Company

Analysis

Newburg-Hopewell Volunteer Fire Company is a registered charity in United States, based in Newburg, PA. It received its IRS tax-exemption ruling in June 1994, 32 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 (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, Newburg-Hopewell Volunteer Fire Company reported income of $263k and spending of $287k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $772k to $263k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 86% 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, Newburg-Hopewell Volunteer Fire Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Mondamin Fire-Rescue Inc ($263k), The Ebony Volunteer Fire Department ($263k) and Fishers Island Fire Dept ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 2.2% of the total. At year end it held assets of $2.2m against liabilities of $87k, net assets of $2.1m.

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.