Hose Company No 1 of Ford City Pennsylvania

Analysis

Hose Company No 1 of Ford City Pennsylvania is a registered charity in United States, based in Ford City, PA. It received its IRS tax-exemption ruling in February 2012, 14 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, Hose Company No 1 of Ford City Pennsylvania reported income of $117k and spending of $55k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $117k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 53% 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, Hose Company No 1 of Ford City Pennsylvania sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Ridgeway Volunteer Rural Fire Association Inc ($117k), Beaver Springs Volunteer Fire Company ($117k) and Lynnport Community Fire Company No 1 ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $344k against liabilities of $57k, net assets of $287k.