Navesink Hook & Ladder Co 1

Analysis

Navesink Hook & Ladder Co 1 is a registered charity in United States, based in Navesink, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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, Navesink Hook & Ladder Co 1 reported income of $297k and spending of $226k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $297k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 82% 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, Navesink Hook & Ladder Co 1 sits at the 71st percentile: it is larger than about 71% 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 Lehigh Township Volunteer Fire Co No 1 ($297k), District 3 Hospital Preparedness Planning Committee ($297k) and National Emergency Responder Assistance Program Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. At year end it held assets of $452k against liabilities of $0, net assets of $452k.