Ringwood Borough Volunteer Fire Co No 1 Inc

Analysis

Ringwood Borough Volunteer Fire Co No 1 Inc is a registered charity in United States, based in Ringwood, NJ. It received its IRS tax-exemption ruling in January 2016, 10 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, Ringwood Borough Volunteer Fire Co No 1 Inc reported income of $115k and spending of $87k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $115k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 72% 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, Ringwood Borough Volunteer Fire Co No 1 Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Munford Volunteer Fire Department Inc ($115k), Cavalier County Search and Rescue ($115k) and Colts Neck Volunteer Fire Company 1 ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $446k against liabilities of $1,075, net assets of $445k.