Hopedale Volunteer Fire Department

Analysis

Hopedale Volunteer Fire Department is a registered charity in United States, based in Hopedale, OH. It received its IRS tax-exemption ruling in April 2018, 8 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, Hopedale Volunteer Fire Department reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $798k to $1.5m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 103% 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, Hopedale Volunteer Fire Department sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include North Huntingdon Township Volunteer Fire Company & Relief Association ($1.5m), The Community Fire Company of Rising Sun Incorporated ($1.5m) and Main-Transit Fire Department Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $167k (12% of expenses). Other salaries and wages came to $775k. At year end it held assets of $474k against liabilities of $91k, net assets of $383k. It reported 38 employees.