Cranberry Lake Volunteer Fire Dept

Analysis

Cranberry Lake Volunteer Fire Dept is a registered charity in United States, based in Andover, NJ. It received its IRS tax-exemption ruling in May 1985, 41 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, Cranberry Lake Volunteer Fire Dept reported income of $187k and spending of $182k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $187k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 103% 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, Cranberry Lake Volunteer Fire Dept sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Fire Chiefs Aid Assoc of Montgomery County ($187k), Young Mens Volunteer Fire Company ($188k) and Rivermont Volunteer Fire Department Inc ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $387k against liabilities of $225k, net assets of $162k.