Absecon City Fire Company 1

Analysis

Absecon City Fire Company 1 is a registered charity in United States, based in Absecon, NJ. It received its IRS tax-exemption ruling in January 2000, 26 years ago. 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, Absecon City Fire Company 1 reported income of $53k and spending of $36k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $53k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Absecon City Fire Company 1 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($53k), Youth Sports Performance Inc ($53k) and Lane County Historical Society ($53k).

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 $89k against liabilities of $0, net assets of $89k.