Fair Lawn Borough Volunteer Fire Company 3 Inc

Analysis

Fair Lawn Borough Volunteer Fire Company 3 Inc is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in February 2021, 5 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, Fair Lawn Borough Volunteer Fire Company 3 Inc reported income of $131k and spending of $85k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $131k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 71% 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, Fair Lawn Borough Volunteer Fire Company 3 Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Advance Volunteer Fire Department ($131k), Reedy Volunteer Fire Department Inc ($131k) and Westminster Rural Fire Dept Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 13% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.