Surf City Volunteer Fire Co 1

Analysis

Surf City Volunteer Fire Co 1 is a registered charity in United States, based in Surf City, NJ. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Surf City Volunteer Fire Co 1 reported income of $600k and spending of $440k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $600k (+247%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Surf City Volunteer Fire Co 1 sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include HWC Real Estate Holding Company Inc ($600k), United Hebrew of New Rochelle Certified Home Health Agency Inc ($600k) and Fresh Start of Miami Dade Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.