Independent Fire Company No 1 Foundation Inc

Analysis

Independent Fire Company No 1 Foundation Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in December 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Fire Company No 1 Foundation Inc reported income of $368k and spending of $52k, leaving 86% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $354k to $368k (+4.0%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 18% 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, Independent Fire Company No 1 Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WV. Charities of a similar size with the same main cause include Rise Tampa Our Police Foundation ($368k), Fire Adapted Colorado ($368k) and Lanes Creek Volunteer Fire Department Inc ($368k).

At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.