Mystic Islands Volunteer Fire Company Inc

Analysis

Mystic Islands Volunteer Fire Company Inc is a registered charity in United States, based in Little Egg Harbor, NJ. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Mystic Islands Volunteer Fire Company Inc reported income of $144k and spending of $109k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $144k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mystic Islands Volunteer Fire Company Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Western Mass Emergency Medical Services Committee Inc ($144k), Hva Foundation Inc ($144k) and Fredonia Regional Health Care Foundation Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.1m against liabilities of $417k, net assets of $659k.