Gibbsboro Fire Company No 1

Analysis

Gibbsboro Fire Company No 1 is a registered charity in United States, based in Gibbsboro, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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, Gibbsboro Fire Company No 1 reported income of $75k and spending of $92k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $75k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 100% 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, Gibbsboro Fire Company No 1 sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Muhlenberg County Fire Department Graham Division Inc ($75k), Adams Fire Corporation ($75k) and Goodwill Hose Company No 1 ($75k).

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 $66k against liabilities of $0, net assets of $66k.