Cranston HGTS Fire Co No 1 Inc

Analysis

Cranston HGTS Fire Co No 1 Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 2016, 10 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, Cranston HGTS Fire Co No 1 Inc reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 104% 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, Cranston HGTS Fire Co No 1 Inc 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 87th percentile within DE. Charities of a similar size with the same main cause include North Star Volunteer Fire Dept Inc ($2.7m), Citizens Hose Company of Jersey Shore ($2.7m) and Elk River Fire & Ambulance Service ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 33% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $173k, net assets of $2.3m. It reported 54 employees.