Colts Neck Volunteer Fire Company 1

Analysis

Colts Neck Volunteer Fire Company 1 is a registered charity in United States, based in Colts Neck, NJ. It received its IRS tax-exemption ruling in August 2005, 21 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, Colts Neck Volunteer Fire Company 1 reported income of $115k and spending of $59k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $115k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 48%. 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, Colts Neck Volunteer Fire Company 1 sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Snow Shoe Fire Company of Snow Shoe Borough & Vicinity ($115k), Munford Volunteer Fire Department Inc ($115k) and Marcella Fire Co No 3 ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $705k against liabilities of $0, net assets of $705k.