Squankum Fire Company No 1 Inc

Analysis

Squankum Fire Company No 1 Inc is a registered charity in United States, based in Farmingdale, NJ. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Squankum Fire Company No 1 Inc reported income of $78k and spending of $66k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $56k to $78k (+41%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Squankum Fire Company No 1 Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Yapay Bolivia Foundation ($78k), Espwa Foundation ($78k) and Vocational Education Support Africa Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $580k against liabilities of $0, net assets of $580k.