Verga Volunteer Fire Company

Analysis

Verga Volunteer Fire Company is a registered charity in United States, based in West Deptford, NJ. It received its IRS tax-exemption ruling in April 2003, 23 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 2022, Verga Volunteer Fire Company reported income of $87k and spending of $92k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $117k to $87k (-26%), an average of -9.4% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 88% 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, Verga Volunteer Fire Company sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include River Road Fire Company Inc ($87k), Wilson Volunteer Fire Department Association Inc ($87k) and Ride to Remember Inc ($87k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 51% of the total. At year end it held assets of $494k against liabilities of $212k, net assets of $282k.