Monmouth Beach Fire Company Inc

Analysis

Monmouth Beach Fire Company Inc is a registered charity in United States, based in Monmouth BCH, NJ. It received its IRS tax-exemption ruling in February 1981, 45 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 November 2023, Monmouth Beach Fire Company Inc reported income of $2.0m and spending of $229k, leaving 89% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $258k to $2.0m (+681%), an average of +67% a year. The sharpest change came in the year to November 2021, when income rose by 1157%. Over the whole period it spent 22% 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, Monmouth Beach Fire Company Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Girdwood Volunteer Fire and Rescue Inc ($2.0m), Cool Springs Volunteer Fire Department Inc ($2.0m) and Impact Teen Drivers Fund ($2.0m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.