Union Fire Co No 1

Analysis

Union Fire Co No 1 is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, Union Fire Co No 1 reported income of $68k and spending of $53k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $95k to $68k (-29%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Fire Co No 1 sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Augusta Senior Center Inc ($68k), Mojave Valley United Fund Inc ($68k) and Harc IV Housing Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 87% of the total. Other salaries and wages came to $3,840. At year end it held assets of $669k against liabilities of $326, net assets of $669k. It reported 1 employees.