Basking Ridge Fire Company No 1

Analysis

Basking Ridge Fire Company No 1 is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in November 1980, 46 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, Basking Ridge Fire Company No 1 reported income of $314k and spending of $258k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $314k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 96% 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, Basking Ridge Fire Company No 1 sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include The Daretown Fire Company ($314k), Rutgers Engine Company 1 Inc ($314k) and Liberty Chapel Volunteer Fire Fighters Inc Liberty Chapel ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $7,187 in professional fundraising fees. At year end it held assets of $795k against liabilities of $0, net assets of $795k.