Hopelawn Engine Co 1

Analysis

Hopelawn Engine Co 1 is a registered charity in United States, based in Hopelawn, NJ. It received its IRS tax-exemption ruling in March 2011, 15 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, Hopelawn Engine Co 1 reported income of $246k and spending of $189k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $246k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 91% 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, Hopelawn Engine Co 1 sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include The Flintstone Volunteer Fire Company ($246k), Project Get Safe Foundation ($246k) and Wiconisco Fire Engine Company 1 Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Other salaries and wages came to $125k. At year end it held assets of $91k against liabilities of $0, net assets of $91k. It reported 16 employees.