Watchung Chemical Engine Company

Analysis

Watchung Chemical Engine Company is a registered charity in United States, based in Watchung, NJ. It received its IRS tax-exemption ruling in April 1999, 27 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, Watchung Chemical Engine Company reported income of $84k and spending of $59k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $84k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 93% 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, Watchung Chemical Engine Company sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Stroh Volunteer Fire Department ($84k), Hinesburg Firefighters Association ($84k) and Summerhill TWP Volunteer Fire Co ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.