Friendship Fire Co 1 Inc

Analysis

Friendship Fire Co 1 Inc is a registered charity in United States, based in Roaring SPG, PA. It received its IRS tax-exemption ruling in July 2019, 7 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, Friendship Fire Co 1 Inc reported income of $377k and spending of $122k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $377k (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 50% 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, Friendship Fire Co 1 Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Haysi Rescue Squad Inc ($377k), New Brook Volunteer Fire Association Inc ($377k) and Drewry Volunteer Fire Department Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 1.7% of the total. At year end it held assets of $1.4m against liabilities of $23k, net assets of $1.3m.