Somerset Volunteer Fire and Rescue

Analysis

Somerset Volunteer Fire and Rescue is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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, Somerset Volunteer Fire and Rescue reported income of $209k and spending of $170k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $209k (-1.5%), an average of -0.4% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Volunteer Fire and Rescue sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Sonshine Haven Inc ($209k), Fierce Athlete Inc ($209k) and Concord Chorale Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. It paid $835 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $254k, net assets of $1.2m.