Prospect Fire Co No 1 Inc

Analysis

Prospect Fire Co No 1 Inc is a registered charity in United States, based in Bergenfield, NJ. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Prospect Fire Co No 1 Inc reported income of $77k and spending of $28k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $77k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 32% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prospect Fire Co No 1 Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Gulf Coast Down Syndrome Society Inc ($77k), Exercisabilities Properties ($77k) and Bessie Mathew Foundation Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $342k against liabilities of $0, net assets of $342k.