Hanover Volunteer Fire Department Inc

Analysis

Hanover Volunteer Fire Department Inc is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in October 1990, 36 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, Hanover Volunteer Fire Department Inc reported income of $911k and spending of $480k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $911k (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 88% 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, Hanover Volunteer Fire Department Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Acme-Delco-Riegelwood Fire-Rescue Inc ($909k), Amissville Volunteer Fire and Rescue Company Inc ($913k) and St Leonard Volunteer Fire and Rescue Company 7 Inc ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Other salaries and wages came to $257k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 31 employees.