Property Owners League Fire Company No 2 Inc

Analysis

Property Owners League Fire Company No 2 Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in June 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 2023, Property Owners League Fire Company No 2 Inc reported income of $72k and spending of $108k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $72k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 135% 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, Property Owners League Fire Company No 2 Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Monroeville Volunteer Fire Dept Inc ($72k), Lafourche Crossing Fire Company ($72k) and Campbell Township Volunteer Fire Dept Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $526k against liabilities of $0, net assets of $526k.

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.