Rumson Fire Company of East Oceanic Inc

Analysis

Rumson Fire Company of East Oceanic Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in February 1997, 29 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, Rumson Fire Company of East Oceanic Inc reported income of $107k and spending of $72k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $107k (+160%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 53% 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, Rumson Fire Company of East Oceanic Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Womens Auxiliary Association of Monkey Island ($107k), Arlington Fire Relief Association ($107k) and Morningside Volunteer Fire Department Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.