Cape May Point Volunteer Fire Company No 1

Analysis

Cape May Point Volunteer Fire Company No 1 is a registered charity in United States, based in Cape May Pt, 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, Cape May Point Volunteer Fire Company No 1 reported income of $95k and spending of $70k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $95k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 70% 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, Cape May Point Volunteer Fire Company No 1 sits at the 36th percentile: it is larger than about 36% 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 Paani Wai Hawaii ($95k), Jeremy Stoke Legacy Fire Foundation ($95k) and Greensprings Fire and Rescue ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $2,640 (3.8% of expenses). At year end it held assets of $2.0m against liabilities of $3,183, net assets of $2.0m.