Westmont Fire Company No 1

Analysis

Westmont Fire Company No 1 is a registered charity in United States, based in Haddon TWP, NJ. It received its IRS tax-exemption ruling in January 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Westmont Fire Company No 1 reported income of $417k and spending of $286k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $417k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westmont Fire Company No 1 sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Friends Against Abuse ($417k), Estes Valley Library Friends & Foundation ($417k) and Treasure State Foundation ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.5m against liabilities of $809k, net assets of $728k.