Farmingdale Hook & Ladder Co 1

Analysis

Farmingdale Hook & Ladder Co 1 is a registered charity in United States, based in Farmingdale, NJ. It received its IRS tax-exemption ruling in August 2002, 24 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, Farmingdale Hook & Ladder Co 1 reported income of $66k and spending of $97k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $66k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 118% 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, Farmingdale Hook & Ladder Co 1 sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include McGregor Volunteer Fire Department Inc ($66k), Edgewood Volunteer Fire Department ($66k) and Woodbridge Fire Company No 1 ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $885k against liabilities of $0, net assets of $885k.