Huntington Volunteer Fire Co No 1

Analysis

Huntington Volunteer Fire Co No 1 is a registered charity in United States, based in Phillipsburg, NJ. It received its IRS tax-exemption ruling in July 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Huntington Volunteer Fire Co No 1 reported income of $158k and spending of $151k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $158k (+411%), an average of +411% a year. The sharpest change came in the year to December 2023, when income rose by 411%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntington Volunteer Fire Co No 1 sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Brookfield Christian School Foundation Inc ($158k), Purdue University ($158k) and Involve Youth Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.