Hillsborough Township Volunteer Fire Co No 3

Analysis

Hillsborough Township Volunteer Fire Co No 3 is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in March 1982, 44 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, Hillsborough Township Volunteer Fire Co No 3 reported income of $169k and spending of $122k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $169k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 87% 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, Hillsborough Township Volunteer Fire Co No 3 sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Bellevue Fire Foundation ($169k), Mountain Home Volunteer Fire Department ($169k) and Wiccopee Fire Co Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $1.0m against liabilities of $405k, net assets of $637k.