Woodbridge Fire Company No 1

Analysis

Woodbridge Fire Company No 1 is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in October 1997, 29 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, Woodbridge Fire Company No 1 reported income of $66k and spending of $87k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $67k to $66k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 90% 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, Woodbridge Fire Company No 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 River Edge Volunteer Fire Departmen T Inc ($66k), McGregor Volunteer Fire Department Inc ($66k) and Hawthorne Volunteer Fire Department Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.