Watchung Fire Company No 3

Analysis

Watchung Fire Company No 3 is a registered charity in United States, based in Bound Brook, NJ. It received its IRS tax-exemption ruling in January 2018, 8 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, Watchung Fire Company No 3 reported income of $57k and spending of $43k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $48k to $57k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 61% 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, Watchung Fire Company No 3 sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Forestville Citizens Fire Company ($57k), Schroeder Volunteer Fire Department ($57k) and Selby Ambulance Service ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.