Newburg Fire Department Inc

Analysis

Newburg Fire Department Inc is a registered charity in United States, based in Newburg, WI. It received its IRS tax-exemption ruling in December 2010, 16 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newburg Fire Department Inc reported income of $721k and spending of $428k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $661k to $721k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newburg Fire Department Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Alzheimers Support Network Inc ($720k), Apostolic Church International U S a Inc ($721k) and Bootstraps to Share of Tucson Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $35k (8.1% of expenses). At year end it held assets of $2.5m against liabilities of $26k, net assets of $2.4m.