Barnegat Fire Co No 1

Analysis

Barnegat Fire Co No 1 is a registered charity in United States, based in Barnegat, NJ. It received its IRS tax-exemption ruling in July 1997, 29 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 2022, Barnegat Fire Co No 1 reported income of $272k and spending of $352k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $174k to $272k (+56%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 116% 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, Barnegat Fire Co No 1 sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Plaza Volunteer Fire & Life Saving & Rescue Squad Inc ($272k), Clarendon Fire Co Inc ($272k) and Cranesville Fire Department ($272k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $150 (0.0% of expenses). It paid $11k in professional fundraising fees. At year end it held assets of $428k against liabilities of $1,705, net assets of $427k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.