Bay Head Fire Company No 1

Analysis

Bay Head Fire Company No 1 is a registered charity in United States, based in Bay Head, NJ. It received its IRS tax-exemption ruling in April 1996, 30 years ago. 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, Bay Head Fire Company No 1 reported income of $205k and spending of $69k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $205k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Head Fire Company No 1 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($205k), Maple Corporation ($205k) and Pound Ridge Land Conservancy Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.