Is New Jersey State Firemans Association Legit?

The New Jersey State Firemans Association demonstrates strong financial health with consistently growing assets and very low expenses relative to its revenue. Over the past five years, assets have grown from $660,816 in 2019 to $777,179 in 2023, indicating sound financial management and accumulation of resources. The organization's expenses have remained remarkably low, often less than 20% of its revenue, which suggests highly efficient operations. For instance, in 2023, expenses were only $11,889 against a revenue of $80,164. The organization's transparency appears high given the availability of its IRS 990 filings, which consistently report zero liabilities and zero officer compensation. This indicates a volunteer-driven model and a clear financial picture. The very low expense ratios across multiple years, such as 2020 where expenses were $7,219 against $71,705 in revenue, further underscore its operational efficiency and commitment to maximizing resources for its mission, whatever that may be given the lack of NTEE code details.