New Hope Fire Department Inc

Analysis

New Hope Fire Department Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in March 2016, 10 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, New Hope Fire Department Inc reported income of $654k and spending of $1.1m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $654k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 105% 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, New Hope Fire Department Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Bushkill Fire Company ($654k), West Harrison Volunteer Fire Department ($655k) and Culpeper County Volunteer Fire Dept Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $850k against liabilities of $527k, net assets of $323k. It reported 29 employees.