Elwood Volunteer Fire Rescue Company

Analysis

Elwood Volunteer Fire Rescue Company is a registered charity in United States, based in Elwood, NJ. It received its IRS tax-exemption ruling in December 2007, 19 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, Elwood Volunteer Fire Rescue Company reported income of $71k and spending of $63k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $71k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 85% 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, Elwood Volunteer Fire Rescue Company sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Richmond Volunteer Fire Department Inc ($70k), Reliance Hose Company No 1 Inc ($71k) and Dubuque County Firefighters Assn ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.