Liberty Corner Fire Company

Analysis

Liberty Corner Fire Company is a registered charity in United States, based in Liberty Cor, NJ. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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, Liberty Corner Fire Company reported income of $500k and spending of $191k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $500k (+132%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Corner Fire Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Boomerang Housing Corporation ($500k), PTA New York Congress ($500k) and LA Crosse Youth Soccer Parents Association Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.