Hope Fire Company

Analysis

Hope Fire Company is a registered charity in United States, based in N Cambria, PA. It received its IRS tax-exemption ruling in January 2000, 26 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, Hope Fire Company reported income of $657k and spending of $266k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $657k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 69% 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, Hope Fire Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Minnesota Fire Service Certification Board ($657k), Santo Volunteer Fire and Ems Department ($658k) and Bay-Ridge Volunteer Fire Company Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 4.3% of the total. At year end it held assets of $1.6m against liabilities of $174k, net assets of $1.4m.