Cape May City Volunteer Fire Dept

Analysis

Cape May City Volunteer Fire Dept is a registered charity in United States, based in Cape May, NJ. It received its IRS tax-exemption ruling in May 2010, 16 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, Cape May City Volunteer Fire Dept reported income of $119k and spending of $236k, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $119k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape May City Volunteer Fire Dept sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($119k), Montgomery County Memorial Hospital Foundation ($119k) and Fish of Montgomery County Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (5.9% of expenses). At year end it held assets of $60k against liabilities of $11k, net assets of $49k.