Somers Point Volunteer Fire Company N0 2

Analysis

Somers Point Volunteer Fire Company N0 2 is a registered charity in United States, based in Somers Point, NJ. It received its IRS tax-exemption ruling in April 1992, 34 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, Somers Point Volunteer Fire Company N0 2 reported income of $111k and spending of $118k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $135k to $111k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 87% 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, Somers Point Volunteer Fire Company N0 2 sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Richard Reese Employee Relief Fund Inc ($111k), Conquest Fire Company Inc ($111k) and Southwest Marion Volunteer Fire Department ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $149k against liabilities of $37k, net assets of $112k.