Cheswold Volunteer Fire Company

Analysis

Cheswold Volunteer Fire Company is a registered charity in United States, based in Cheswold, DE. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 November 2023, Cheswold Volunteer Fire Company reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.3m to $1.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to November 2022, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cheswold Volunteer Fire Company sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Mapleton-Fall Creek Development ($1.5m), Bucks County Foundation ($1.5m) and Ala-Costa Center ($1.5m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $400k. At year end it held assets of $3.8m against liabilities of $54k, net assets of $3.7m. It reported 19 employees.