Ocean Fire Company Number One

Analysis

Ocean Fire Company Number One is a registered charity in United States, based in Pt Pleas BCH, NJ. It received its IRS tax-exemption ruling in August 2002, 24 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, Ocean Fire Company Number One reported income of $132k and spending of $137k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $132k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 91% 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, Ocean Fire Company Number One sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Lisbon Fire Department Inc ($132k), Colts Neck Volunteer Fire Company 2 ($132k) and Frankfort Fire Protection District Foundation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. It paid $6,269 in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $169k, net assets of $1.4m.