Independent Fire Company 1

Analysis

Independent Fire Company 1 is a registered charity in United States, based in Spring Lake, NJ. It received its IRS tax-exemption ruling in October 1992, 34 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, Independent Fire Company 1 reported income of $128k and spending of $57k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $128k (+1.7%), an average of +1.7% a year. Over the whole period it spent 54% 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, Independent Fire Company 1 sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Richfield Volunteer Fire Co ($128k), Hatfield Fire & Rescue ($128k) and Ingram Volunteer Fire Department Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $425k against liabilities of $2,537, net assets of $423k.