Hermann Fire Company No 1 Inc

Analysis

Hermann Fire Company No 1 Inc is a registered charity in United States, based in Hermann, MO. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hermann Fire Company No 1 Inc reported income of $258k and spending of $251k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $258k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hermann Fire Company No 1 Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include San Marino League ($258k), Napoleonville Volunteer Fire Department Inc ($258k) and Pintlala Volunteer Fire Department Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 87% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.