South Bound Brook Fire Co No 1

Analysis

South Bound Brook Fire Co No 1 is a registered charity in United States, based in S Bound Brook, NJ. It received its IRS tax-exemption ruling in April 1998, 28 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, South Bound Brook Fire Co No 1 reported income of $153k and spending of $165k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $153k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 102% 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, South Bound Brook Fire Co No 1 sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include St Germain Wisconsin Fire Fighter Association Inc ($153k), Lilly Hill-Pentacost Volunteer Fire Department Inc ($153k) and Raymond Harvel Area Ambulance Service ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 18% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.