Budd Lake Volunteer Fire Department of Mount Olive Township

Analysis

Budd Lake Volunteer Fire Department of Mount Olive Township is a registered charity in United States, based in Budd Lake, NJ. It received its IRS tax-exemption ruling in April 2003, 23 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, Budd Lake Volunteer Fire Department of Mount Olive Township reported income of $356k and spending of $253k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $356k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 87% 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, Budd Lake Volunteer Fire Department of Mount Olive Township sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Breezewood Fire Company ($356k), Shelby Volunteer Fire Company Inc ($356k) and Shelly Fire Company ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $1.7m against liabilities of $16k, net assets of $1.7m.