Pennington Fire Company

Analysis

Pennington Fire Company is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in February 1984, 42 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, Pennington Fire Company reported income of $289k and spending of $242k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $289k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 72% 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, Pennington Fire Company sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Cascadia Region Earthquake Workgrou P ($289k), Innes Hose Company ($289k) and McGaheysville Volunteer Fire Company Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $2.8m against liabilities of $528k, net assets of $2.2m.