Ship Bottom Volunteer Fire Co 1 Inc

Analysis

Ship Bottom Volunteer Fire Co 1 Inc is a registered charity in United States, based in Ship Bottom, NJ. It received its IRS tax-exemption ruling in January 1994, 32 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, Ship Bottom Volunteer Fire Co 1 Inc reported income of $347k and spending of $334k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $408k to $347k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ship Bottom Volunteer Fire Co 1 Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include State Risk and Insurance Management Association ($347k), Rim Country Senior Center ($347k) and Northwest Ottawa Recreation Authority ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $852k against liabilities of $64k, net assets of $788k.