Barnegat Light Volunteer Fire Company No 1
Barnegat Light Volunteer Fire Company No 1: Strong Assets, Inconsistent Revenue
EIN: 222479594 · Barnegat Lgt, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $374K |
| Total Expenses | $304K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $772K |
| Transparency Score | 75/100 |
Is Barnegat Light Volunteer Fire Company No 1 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barnegat Light Volunteer Fire Company No 1 directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Barnegat Light Volunteer Fire Company No 1
Barnegat Light Volunteer Fire Company No 1 (EIN: 222479594) is a nonprofit organization based in Barnegat Lgt, NJ. The organization reported total revenue of $374K and total assets of $885K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnegat Light Volunteer Fire Company No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barnegat Light Volunteer Fire Company No 1 is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $462K |
| Total Expenses | $304K |
| Surplus / Deficit | +$159K |
| Total Assets | $991K |
| Total Liabilities | $219K |
| Net Assets | $772K |
| Operating Margin | 34.3% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 39.2 months |
Financial Health Grade: A
In 2023, Barnegat Light Volunteer Fire Company No 1 reported a surplus of $159K with revenue exceeding expenses, holds 39.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Barnegat Light Volunteer Fire Company No 1's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.4% | +14.2% | +9.4% |
| 2022 | -38.6% | -69.0% | -6.1% |
| 2021 | +69.3% | +350.5% | -6.8% |
| 2020 | -0.2% | -19.9% | +7.3% |
| 2019 | +7.9% | +29.2% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Barnegat Light Volunteer Fire Company No 1 with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Barnegat Light Volunteer Fire Company No 1 allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $159K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating that no officers, directors, or key employees received over $100,000 in compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Barnegat Light Volunteer Fire Company No 1's IRS 990 filings:
- Significant fluctuation in revenue, from $462,292 in 2023 to $257,713 in 2020, suggests potential instability in funding sources.
- The 'c0%' in all filings might indicate a lack of clarity on specific program service accomplishments or community benefit metrics.
Strengths
The following positive indicators were identified for Barnegat Light Volunteer Fire Company No 1:
- Consistent growth in assets, reaching $991,198 in 2023, demonstrates strong financial stewardship and capacity.
- Low liabilities across all years, with $219,278 in 2023, indicates a healthy balance sheet and minimal debt burden.
- The organization has maintained operations for many years, showing resilience and commitment to its mission.
Frequently Asked Questions about Barnegat Light Volunteer Fire Company No 1
Is Barnegat Light Volunteer Fire Company No 1 a legitimate charity?
Barnegat Light Volunteer Fire Company No 1 (EIN: 222479594) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $374K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Barnegat Light Volunteer Fire Company No 1 spend its money?
Barnegat Light Volunteer Fire Company No 1 directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Barnegat Light Volunteer Fire Company No 1 tax-deductible?
Barnegat Light Volunteer Fire Company No 1 is registered as a tax-exempt nonprofit (EIN: 222479594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Barnegat Light Volunteer Fire Company No 1 CEO make?
Barnegat Light Volunteer Fire Company No 1's highest-compensated officer earns $100,000 annually. The organization reported $374K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Barnegat Light Volunteer Fire Company No 1's spending goes to programs?
Barnegat Light Volunteer Fire Company No 1 directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Barnegat Light Volunteer Fire Company No 1 located?
Barnegat Light Volunteer Fire Company No 1 is headquartered in Barnegat Lgt, New Jersey and files with the IRS under EIN 222479594.
How many years of IRS 990 filings does Barnegat Light Volunteer Fire Company No 1 have?
Barnegat Light Volunteer Fire Company No 1 has 13 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 $374K in total revenue.
What does Barnegat Light Volunteer Fire Company No 1 do?
Barnegat Light Volunteer Fire Company No 1 is a nonprofit organization in the Unknown sector, located in Barnegat Lgt, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Barnegat Light Volunteer Fire Company No 1 have?
Barnegat Light Volunteer Fire Company No 1 reported total revenue of $374,201. Based on 13 IRS 990 filings on record.
What are Barnegat Light Volunteer Fire Company No 1's total assets?
Barnegat Light Volunteer Fire Company No 1 holds total assets of $885,241 as reported in IRS 990 filings.
Where is Barnegat Light Volunteer Fire Company No 1 located?
Barnegat Light Volunteer Fire Company No 1 is based in Barnegat Lgt, New Jersey.
What is Barnegat Light Volunteer Fire Company No 1's EIN?
Barnegat Light Volunteer Fire Company No 1's Employer Identification Number (EIN) is 222479594. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Barnegat Light Volunteer Fire Company No 1?
Barnegat Light Volunteer Fire Company No 1 is classified under NTEE code Unknown (Unknown).
Is Barnegat Light Volunteer Fire Company No 1 a registered 501(c)(3)?
Barnegat Light Volunteer Fire Company No 1 appears in IRS records (EIN: 222479594). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Barnegat Light Volunteer Fire Company No 1 file IRS Form 990?
Yes, Barnegat Light Volunteer Fire Company No 1 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Barnegat Light Volunteer Fire Company No 1's revenue in 2023?
In the 202312 filing period, Barnegat Light Volunteer Fire Company No 1 reported total revenue of $462,292, total expenses of $303,527, and net assets of $991,198.
Is Barnegat Light Volunteer Fire Company No 1's revenue growing or declining?
Barnegat Light Volunteer Fire Company No 1's revenue is growing. Revenue went from $268,129 (202212) to $462,292 (202312), a +72.4% change. Based on 13 filings on record.
What is Barnegat Light Volunteer Fire Company No 1's most recent 990 filing?
The most recent IRS Form 990 filing for Barnegat Light Volunteer Fire Company No 1 covers tax period 202312. It shows revenue of $462,292, expenses of $303,527, total assets of $991,198, and liabilities of $219,278.
How much does Barnegat Light Volunteer Fire Company No 1 spend on programs vs administration?
Based on IRS 990 analysis, Barnegat Light Volunteer Fire Company No 1 allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Barnegat Light Volunteer Fire Company No 1 a trustworthy charity?
Based on AI analysis of IRS 990 data, Barnegat Light Volunteer Fire Company No 1 appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Barnegat Light Volunteer Fire Company No 1?
The following concerns were identified: Significant fluctuation in revenue, from $462,292 in 2023 to $257,713 in 2020, suggests potential instability in funding sources.. The 'c0%' in all filings might indicate a lack of clarity on specific program service accomplishments or community benefit metrics.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Barnegat Light Volunteer Fire Company No 1's strengths?
Positive indicators for Barnegat Light Volunteer Fire Company No 1 include: Consistent growth in assets, reaching $991,198 in 2023, demonstrates strong financial stewardship and capacity.. Low liabilities across all years, with $219,278 in 2023, indicates a healthy balance sheet and minimal debt burden.. The organization has maintained operations for many years, showing resilience and commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Barnegat Light Volunteer Fire Company No 1 compensate executives?
Executive compensation is not reported in the provided data, indicating that no officers, directors, or key employees received over $100,000 in compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' reported across all years, how does Barnegat Light Volunteer Fire Company No 1 quantify its community impact and program service accomplishments?
The 'c0%' likely refers to a specific line item not detailed in the provided data, and without further context from their full IRS Form 990, it's difficult to assess how they measure and report their direct community benefit beyond general fire services.
What factors contribute to the substantial year-over-year revenue fluctuations, such as the drop from $436,367 in 2021 to $268,129 in 2022, and how are these managed?
Revenue fluctuations could be due to varying grant cycles, fundraising event success, or changes in local government support. Effective financial management would involve maintaining reserves (as suggested by growing assets) to buffer these variations and strategic planning for diverse funding streams.
Filing History
IRS 990 filing history for Barnegat Light Volunteer Fire Company No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Barnegat Light Volunteer Fire Company No 1's revenue has grown by 102.6%, moving from $228K to $462K. Total assets increased by 48.4% over the same period, from $668K to $991K. Total functional expenses rose by 59.3%, from $191K to $304K. In its most recent filing year (2023), Barnegat Light Volunteer Fire Company No 1 reported a surplus of $159K, with revenue exceeding expenses. The organization holds $219K in liabilities against $991K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $772K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $462K | $304K | $991K | $219K | — | View 990 |
| 2022 | $268K | $266K | $906K | $293K | — | View 990 |
| 2021 | $436K | $857K | $965K | $354K | — | View 990 |
| 2020 | $258K | $190K | $1.0M | $4K | — | View 990 |
| 2019 | $258K | $237K | $965K | $995 | — | View 990 |
| 2018 | $239K | $184K | $946K | $2K | — | View 990 |
| 2017 | $241K | $197K | $888K | $0 | — | View 990 |
| 2016 | $235K | $174K | $844K | $0 | — | View 990 |
| 2015 | $229K | $258K | $783K | $146 | — | View 990 |
| 2014 | $250K | $210K | $812K | $71 | — | View 990 |
| 2013 | $275K | $238K | $773K | $528 | — | View 990 |
| 2012 | $257K | $188K | $737K | $888 | — | View 990 |
| 2011 | $228K | $191K | $668K | $291 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $462K, expenses of $304K, and assets of $991K (revenue +72.4% year-over-year).
- 2022: Revenue of $268K, expenses of $266K, and assets of $906K (revenue -38.6% year-over-year).
- 2021: Revenue of $436K, expenses of $857K, and assets of $965K (revenue +69.3% year-over-year).
- 2020: Revenue of $258K, expenses of $190K, and assets of $1.0M (revenue -0.2% year-over-year).
- 2019: Revenue of $258K, expenses of $237K, and assets of $965K (revenue +7.9% year-over-year).
- 2018: Revenue of $239K, expenses of $184K, and assets of $946K (revenue -0.9% year-over-year).
- 2017: Revenue of $241K, expenses of $197K, and assets of $888K (revenue +2.6% year-over-year).
- 2016: Revenue of $235K, expenses of $174K, and assets of $844K (revenue +2.7% year-over-year).
- 2015: Revenue of $229K, expenses of $258K, and assets of $783K (revenue -8.2% year-over-year).
- 2014: Revenue of $250K, expenses of $210K, and assets of $812K (revenue -9.2% year-over-year).
- 2013: Revenue of $275K, expenses of $238K, and assets of $773K (revenue +7.0% year-over-year).
- 2012: Revenue of $257K, expenses of $188K, and assets of $737K (revenue +12.5% year-over-year).
- 2011: Revenue of $228K, expenses of $191K, and assets of $668K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barnegat Light Volunteer Fire Company No 1:
Data Sources and Methodology
This transparency report for Barnegat Light Volunteer Fire Company 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.