Norwood Fire Co 1

Analysis

Norwood Fire Co 1 is a registered charity in United States, based in Norwood, NJ. It received its IRS tax-exemption ruling in July 1981, 45 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, Norwood Fire Co 1 reported income of $138k and spending of $139k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $138k (+2.8%), an average of +0.7% a year. Over the whole period it spent 91% 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, Norwood Fire Co 1 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Bolivar Volunteer Fire Co ($138k), Long Beach Volunteer Fire Department Inc ($138k) and Roper Fire Department Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. It paid $2,430 in professional fundraising fees. At year end it held assets of $941k against liabilities of $0, net assets of $941k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.