Elizabeth Avenue Volunteer Fire Company

Analysis

Elizabeth Avenue Volunteer Fire Company is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elizabeth Avenue Volunteer Fire Company reported income of $305k and spending of $237k, leaving 22% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $179k to $305k (+70%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elizabeth Avenue Volunteer Fire Company sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Highland Lakes Health Fund ($305k), Gainesville Georgia Homeschool Academy Inc ($305k) and Local Journalism Project Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. It paid $1,475 in professional fundraising fees. At year end it held assets of $782k against liabilities of $260k, net assets of $522k.