Somerset Fire Dept

Analysis

Somerset Fire Dept is a registered charity in United States, based in Somerset, PA. It received its IRS tax-exemption ruling in October 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 (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, Somerset Fire Dept reported income of $415k and spending of $367k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $500k to $415k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 54% 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, Somerset Fire Dept sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Wood County Firefighters Association Inc ($414k), Cassell Station Volunteer Firemens Association Inc ($415k) and Frontier Volunteer Fire Co ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.