Belford Engine Company 1

Analysis

Belford Engine Company 1 is a registered charity in United States, based in Belford, NJ. It received its IRS tax-exemption ruling in December 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, Belford Engine Company 1 reported income of $146k and spending of $138k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $146k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 75% 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, Belford Engine Company 1 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Pine Hill Fire Department Inc ($146k), Washington Community Foundation ($146k) and Damon Volunteer Fire Department ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.