New Sharon Volunteer Fire Company 1

Analysis

New Sharon Volunteer Fire Company 1 is a registered charity in United States, based in Woodbury, NJ. It received its IRS tax-exemption ruling in August 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, New Sharon Volunteer Fire Company 1 reported income of $54k and spending of $49k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $54k to $54k (-0.4%), an average of -0.4% a year. Over the whole period it spent 82% 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, New Sharon Volunteer Fire Company 1 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Netarts Oceanside Volunteer Firefighters ($54k), Waverly Avenue Carnival Company ($54k) and Saragossa Fire Department ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $279k against liabilities of $190k, net assets of $90k.