Bowers Fire Company Inc

Analysis

Bowers Fire Company Inc is a registered charity in United States, based in Frederica, DE. It received its IRS tax-exemption ruling in August 2022, 4 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, Bowers Fire Company Inc reported income of $1.0m and spending of $993k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $793k to $1.0m (+31%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 86% 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, Bowers Fire Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include First Responder Institute Inc ($1.0m), Air Charter Safety Foundation ($1.0m) and Delaware Valley Safety Council Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 8.9% of the total. Other salaries and wages came to $279k. At year end it held assets of $2.2m against liabilities of $36k, net assets of $2.2m. It reported 35 employees.