Volunteer Engine Company 2

Analysis

Volunteer Engine Company 2 is a registered charity in United States, based in Manasquan, NJ. It received its IRS tax-exemption ruling in September 2000, 26 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, Volunteer Engine Company 2 reported income of $155k and spending of $104k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $155k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 109%. Over the whole period it spent 79% 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, Volunteer Engine Company 2 sits at the 52nd percentile: it is larger than about 52% 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 Abbeys Hope Charitable Foundation ($155k), Harborcreek Fire Department ($155k) and Routt County Crisis Support ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.