Ferrell Volunteer Fire Co No 1

Analysis

Ferrell Volunteer Fire Co No 1 is a registered charity in United States, based in Monroeville, NJ. It received its IRS tax-exemption ruling in February 2022, 4 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, Ferrell Volunteer Fire Co No 1 reported income of $87k and spending of $56k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $87k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 71% 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, Ferrell Volunteer Fire Co No 1 sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Patrick Springs Volunteer Fire Department Inc ($87k), Lucketts Volunteer Fire Co Inc ($87k) and Delray Beach Firefighters & Paramedics Benevolent Fund Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $334k against liabilities of $0, net assets of $334k.