Manasquan Hook & Ladder Co 1

Analysis

Manasquan Hook & Ladder Co 1 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, Manasquan Hook & Ladder Co 1 reported income of $68k and spending of $54k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $68k (+4.3%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 63%. 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, Manasquan Hook & Ladder Co 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 Waring Volunteer Fire Department ($68k), Itron Employee Emergency Foundation ($68k) and Corpus Christi Professional Firefighters Relief and Outreach F ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $776k against liabilities of $0, net assets of $776k.