Peapack Gladstone Fire Company No 1 Inc

Analysis

Peapack Gladstone Fire Company No 1 Inc is a registered charity in United States, based in Gladstone, NJ. It received its IRS tax-exemption ruling in November 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, Peapack Gladstone Fire Company No 1 Inc reported income of $54k and spending of $57k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $54k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peapack Gladstone Fire Company No 1 Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Avondale Community Council Inc ($54k), Carson City Symphony Association Incorporated ($54k) and Oklahoma Association of Broadcasters Education Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.