Applegarth Volunteer Engine Company 1

Analysis

Applegarth Volunteer Engine Company 1 is a registered charity in United States, based in Monroe TWP, NJ. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Applegarth Volunteer Engine Company 1 reported income of $75k and spending of $49k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $75k (+8.1%), an average of +8.1% a year. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Applegarth Volunteer Engine Company 1 sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include International Community Initiatives Inc ($75k), The Westbrook Posse Inc ($75k) and Maoona Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. At year end it held assets of $338k against liabilities of $0, net assets of $338k.