Possumtown Volunteer Fire Co

Analysis

Possumtown Volunteer Fire Co is a registered charity in United States, based in Piscataway, NJ. It received its IRS tax-exemption ruling in April 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Possumtown Volunteer Fire Co reported income of $61k and spending of $41k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $61k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Possumtown Volunteer Fire Co sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include National Charity League Inc Coachella Valley Chapter ($61k), Sweet Adelines International ($61k) and Holly Ball Foundation Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.