Elsmere Fire Co No 1

Analysis

Elsmere Fire Co No 1 is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 2024, 2 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, Elsmere Fire Co No 1 reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 91% 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, Elsmere Fire Co No 1 sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include Tri-Beach Volunteer Fire Department ($2.0m), Felton Community Fire Company Inc ($2.0m) and Pecan Grove Volunteer Fire ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $824k. At year end it held assets of $4.7m against liabilities of $402k, net assets of $4.3m. It reported 46 employees.