Beachwood Volunteer Fire Company No 1

Analysis

Beachwood Volunteer Fire Company No 1 is a registered charity in United States, based in Beachwood, NJ. It received its IRS tax-exemption ruling in January 1986, 40 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, Beachwood Volunteer Fire Company No 1 reported income of $59k and spending of $59k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $53k to $59k (+11%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 112% 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, Beachwood Volunteer Fire Company No 1 sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Apalachicola Volunteer Fire Department Auxiliary ($59k), Glen Rock Volunteer Fire Department ($59k) and South Lake County Firefighters Association Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $337k against liabilities of $2,325, net assets of $334k.

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.