Hillsborough Volunteer Fire Co 1

Analysis

Hillsborough Volunteer Fire Co 1 is a registered charity in United States, based in Flagtown, NJ. It received its IRS tax-exemption ruling in December 2017, 9 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, Hillsborough Volunteer Fire Co 1 reported income of $180k and spending of $191k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $182k to $180k (-1.2%), an average of -1.2% a year. Over the whole period it spent 100% 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, Hillsborough Volunteer Fire Co 1 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Mount Kisco Volunteer Fire Department ($180k), Piseco Volunteer Fire Dept Inc ($180k) and Salem Fire Foundation ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.