Franklin Lakes Fire Department Inc

Analysis

Franklin Lakes Fire Department Inc is a registered charity in United States, based in Franklin LKS, NJ. It received its IRS tax-exemption ruling in October 2001, 25 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, Franklin Lakes Fire Department Inc reported income of $110k and spending of $102k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $110k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 106% 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, Franklin Lakes Fire Department Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include TNT Fireworks Associate Assistance Fund ($110k), Cuero Volunteer Fire Department Inc ($110k) and Amo Membership Assistance Program TR ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.