Independence TWP Volunteer Fire Dept

Analysis

Independence TWP Volunteer Fire Dept is a registered charity in United States, based in Great Meadows, NJ. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Independence TWP Volunteer Fire Dept reported income of $93k and spending of $120k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $110k to $93k (-16%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 139% 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, Independence TWP Volunteer Fire Dept sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Minocqua Gun Club Inc ($93k), Garrison Volunteer Fire Dept ($93k) and Avawam Volunteer Fire Department and Rescue Squad Inc ($93k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% of the total. It paid $1,852 in professional fundraising fees. At year end it held assets of $763k against liabilities of $0, net assets of $763k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.