Independent Fire Co No 1

Analysis

Independent Fire Co No 1 is a registered charity in United States, based in Maple Shade, NJ. It received its IRS tax-exemption ruling in January 1983, 43 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, Independent Fire Co No 1 reported income of $91k and spending of $98k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $91k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 98% 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 Co No 1 sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Cottonwood Shores Volunteer Fire Department ($91k), Volunteer and Exempt Firemens Benevolent Association of Malverne ($91k) and Massachusetts Fire District 14 ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $677k against liabilities of $0, net assets of $677k.