Laurel Lake Volunteer Fire and Rescue Company Inc

Analysis

Laurel Lake Volunteer Fire and Rescue Company Inc is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in August 2014, 12 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, Laurel Lake Volunteer Fire and Rescue Company Inc reported income of $891k and spending of $935k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $891k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 92% 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, Laurel Lake Volunteer Fire and Rescue Company Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Trenton Volunteer Fire Department Inc ($889k), NW Volunteer Fire-Rescue Dept Inc ($892k) and Elderville-Lakeport Volunteer Fire Department Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 75% of the total. Other salaries and wages came to $572k. At year end it held assets of $1.5m against liabilities of $325k, net assets of $1.2m. It reported 28 employees.