Hopewell Volunteer Fire Department Inc

Analysis

Hopewell Volunteer Fire Department Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in October 1990, 36 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 2022, Hopewell Volunteer Fire Department Inc reported income of $113k and spending of $140k, spending 123% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $199k to $113k (-43%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopewell Volunteer Fire Department Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include Little League Baseball Inc ($113k), PTA Georgia Congress ($113k) and Project Blessing C P S Inc ($113k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 90% of the total. At year end it held assets of $449k against liabilities of $161k, net assets of $288k.