Holmdel Fire and Rescue Company No 2 Inc

Analysis

Holmdel Fire and Rescue Company No 2 Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in November 2011, 15 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, Holmdel Fire and Rescue Company No 2 Inc reported income of $66k and spending of $81k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $66k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 120% 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, Holmdel Fire and Rescue Company No 2 Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Errol Rescue Squad ($66k), The Farmington Volunteer Fire Company 4 ($66k) and Clarksburg Volunteer Fire Company ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 120% and program service revenue 15% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.