The Good-Will Fire Company No 1 of New Castle Delaware

Analysis

The Good-Will Fire Company No 1 of New Castle Delaware is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in August 1995, 31 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, The Good-Will Fire Company No 1 of New Castle Delaware reported income of $2.8m and spending of $2.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 21%. 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, The Good-Will Fire Company No 1 of New Castle Delaware sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Seaford Volunteer Fire Department Inc ($2.8m), Danville Area Training Center Inc ($2.8m) and Darden Dimes Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.8m against liabilities of $1.1m, net assets of $4.6m. It reported 38 employees.