New Milford Fire Co No 1

Analysis

New Milford Fire Co No 1 is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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 April 2024, New Milford Fire Co No 1 reported income of $52k and spending of $27k, leaving 49% of income unspent that year. Across the 4 years on record, from April 2021 to April 2024, income grew from $29k to $52k (+83%), an average of +22% a year. The sharpest change came in the year to April 2022, when income rose by 42%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Fire Co No 1 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($52k), PTA California Congress of Parents Teachers & Students Inc ($52k) and Friends of the Rhode Island School for the Deaf ($52k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.