Barnegat Fire Co No 1
EIN: 226079030 · Barnegat, NJ · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $352K |
| Net Assets | $427K |
Is Barnegat Fire Co No 1 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Barnegat Fire Co No 1
Barnegat Fire Co No 1 (EIN: 226079030) is a nonprofit organization based in Barnegat, NJ, classified under NTEE code M24. The organization reported total revenue of $279K and total assets of $432K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnegat Fire Co No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barnegat Fire Co No 1 is a small nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $352K |
| Surplus / Deficit | $-80,353 |
| Total Assets | $428K |
| Total Liabilities | $2K |
| Net Assets | $427K |
| Operating Margin | -29.6% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 14.6 months |
Financial Health Grade: B
In 2022, Barnegat Fire Co No 1 reported a deficit of $80K with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2022), Barnegat Fire Co No 1's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +29.0% | +46.4% | -17.2% |
| 2021 | +23.8% | +28.1% | -5.6% |
| 2020 | -2.3% | +5.8% | -3.9% |
| 2019 | +5.9% | +5.3% | -0.8% |
| 2018 | +11.4% | +32.3% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Barnegat Fire Co No 1 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Barnegat Fire Co No 1 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Barnegat Fire Co No 1
Is Barnegat Fire Co No 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Barnegat Fire Co No 1 (EIN: 226079030) insufficient data. 0 red flags identified, 0 strengths noted.
How does Barnegat Fire Co No 1 spend its money?
Detailed spending breakdown data is not yet available for Barnegat Fire Co No 1. Check back for updated IRS 990 analysis.
Are donations to Barnegat Fire Co No 1 tax-deductible?
Barnegat Fire Co No 1 is registered as a tax-exempt nonprofit (EIN: 226079030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Barnegat Fire Co No 1 located?
Barnegat Fire Co No 1 is headquartered in Barnegat, New Jersey and files with the IRS under EIN 226079030. It is classified under NTEE code M24.
How many years of IRS 990 filings does Barnegat Fire Co No 1 have?
Barnegat Fire Co No 1 has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $279K in total revenue.
Filing History
IRS 990 filing history for Barnegat Fire Co No 1 showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Barnegat Fire Co No 1's revenue has grown by 137.9%, moving from $114K to $272K. Total assets decreased by 16.2% over the same period, from $511K to $428K. Total functional expenses rose by 193.8%, from $120K to $352K. In its most recent filing year (2022), Barnegat Fire Co No 1 reported a deficit of $80K, with expenses exceeding revenue. The organization holds $2K in liabilities against $428K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $427K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $272K | $352K | $428K | $2K | — | View 990 |
| 2021 | $211K | $241K | $517K | $817 | — | View 990 |
| 2020 | $170K | $188K | $548K | $11K | — | — |
| 2019 | $174K | $177K | $570K | $14K | — | View 990 |
| 2018 | $164K | $169K | $574K | $22K | — | View 990 |
| 2017 | $148K | $127K | $594K | $31K | — | View 990 |
| 2015 | $126K | $104K | $522K | $0 | — | View 990 |
| 2014 | $124K | $118K | $500K | $16 | — | View 990 |
| 2013 | $130K | $108K | $495K | $0 | — | View 990 |
| 2012 | $133K | $172K | $474K | $2K | — | View 990 |
| 2011 | $114K | $120K | $511K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $272K, expenses of $352K, and assets of $428K (revenue +29.0% year-over-year).
- 2021: Revenue of $211K, expenses of $241K, and assets of $517K (revenue +23.8% year-over-year).
- 2020: Revenue of $170K, expenses of $188K, and assets of $548K (revenue -2.3% year-over-year).
- 2019: Revenue of $174K, expenses of $177K, and assets of $570K (revenue +5.9% year-over-year).
- 2018: Revenue of $164K, expenses of $169K, and assets of $574K (revenue +11.4% year-over-year).
- 2017: Revenue of $148K, expenses of $127K, and assets of $594K (revenue +16.9% year-over-year).
- 2015: Revenue of $126K, expenses of $104K, and assets of $522K (revenue +2.1% year-over-year).
- 2014: Revenue of $124K, expenses of $118K, and assets of $500K (revenue -5.2% year-over-year).
- 2013: Revenue of $130K, expenses of $108K, and assets of $495K (revenue -1.7% year-over-year).
- 2012: Revenue of $133K, expenses of $172K, and assets of $474K (revenue +16.1% year-over-year).
- 2011: Revenue of $114K, expenses of $120K, and assets of $511K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barnegat Fire Co No 1:
Data Sources and Methodology
This transparency report for Barnegat Fire Co No 1 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.