Townsend Fire Company

Analysis

Townsend Fire Company is a registered charity in United States, based in Townsend, DE. It received its IRS tax-exemption ruling in October 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Townsend Fire Company reported income of $2.7m and spending of $2.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 90% 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, Townsend Fire Company 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 88th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Youngsville Volunteer Fire Department Inc ($2.7m), Reese and Community Volunteer Fire Company ($2.7m) and Urban Association of Forestry and Fire Professionals Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 39% of the total. Other salaries and wages came to $431k. At year end it held assets of $7.4m against liabilities of $938k, net assets of $6.4m. It reported 14 employees.