Frankford Volunteer Fire Co

Analysis

Frankford Volunteer Fire Co is a registered charity in United States, based in Frankford, DE. It received its IRS tax-exemption ruling in February 1984, 42 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 December 2023, Frankford Volunteer Fire Co reported income of $1.6m and spending of $909k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frankford Volunteer Fire Co sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within DE. Charities of a similar size with the same main cause include Snohomish County Legal Services ($1.6m), A K Bean Foundation ($1.6m) and Child Freedom Coalition Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m. It reported 19 employees.