Liberty Corner Fire Company
Liberty Corner Fire Company: Consistent Operations, Modest Growth
EIN: 222612970 · Liberty Cor, NJ · Updated: 2026-04-04
Is Liberty Corner Fire Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Corner Fire Company directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Liberty Corner Fire Company
Liberty Corner Fire Company (EIN: 222612970) is a nonprofit organization based in Liberty Cor, NJ. The organization reported total revenue of $310K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Corner Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Corner Fire Company is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $191K |
| Surplus / Deficit | +$309K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 61.8% |
| Months of Reserves | 113.0 months |
Financial Health Grade: A
In 2023, Liberty Corner Fire Company reported a surplus of $309K with revenue exceeding expenses, holds 113.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Liberty Corner Fire Company's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.9% | +24.2% | +26.0% |
| 2022 | -2.9% | +5.7% | -4.0% |
| 2021 | -3.1% | -17.5% | +10.0% |
| 2020 | +19.7% | +0.7% | +9.3% |
| 2019 | +15.1% | +7.7% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Liberty Corner Fire Company 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, Liberty Corner Fire Company 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 $309K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided financial data, suggesting it is below the disclosure threshold or not applicable for this volunteer-based fire company.
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 Liberty Corner Fire Company's IRS 990 filings:
- Lack of detailed program reporting makes it difficult to assess direct community impact.
- The nature of 'nt' (nonprofit type) is not provided, which is crucial for understanding its mission and comparing it to similar organizations.
Strengths
The following positive indicators were identified for Liberty Corner Fire Company:
- Consistent revenue and asset growth over the past several years, indicating stable financial health.
- Low liabilities (l0) across all reported years, suggesting strong financial management and minimal debt.
- Assets have grown from $1,085,148 in 2016 to $1,797,746 in 2023, demonstrating long-term financial stability.
Frequently Asked Questions about Liberty Corner Fire Company
Is Liberty Corner Fire Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Liberty Corner Fire Company (EIN: 222612970) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Liberty Corner Fire Company spend its money?
Liberty Corner Fire Company directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Liberty Corner Fire Company tax-deductible?
Liberty Corner Fire Company is registered as a tax-exempt nonprofit (EIN: 222612970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Liberty Corner Fire Company do?
Liberty Corner Fire Company is a nonprofit organization in the Unknown sector, located in Liberty Cor, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Liberty Corner Fire Company have?
Liberty Corner Fire Company reported total revenue of $310,404. Based on 13 IRS 990 filings on record.
What are Liberty Corner Fire Company's total assets?
Liberty Corner Fire Company holds total assets of $2,011,483 as reported in IRS 990 filings.
Where is Liberty Corner Fire Company located?
Liberty Corner Fire Company is based in Liberty Cor, New Jersey.
What is Liberty Corner Fire Company's EIN?
Liberty Corner Fire Company's Employer Identification Number (EIN) is 222612970. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Liberty Corner Fire Company?
Liberty Corner Fire Company is classified under NTEE code Unknown (Unknown).
Is Liberty Corner Fire Company a registered 501(c)(3)?
Liberty Corner Fire Company appears in IRS records (EIN: 222612970). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Liberty Corner Fire Company file IRS Form 990?
Yes, Liberty Corner Fire Company has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Liberty Corner Fire Company's revenue in 2023?
In the 202312 filing period, Liberty Corner Fire Company reported total revenue of $500,204, total expenses of $190,947, and net assets of $1,797,746.
Is Liberty Corner Fire Company's revenue growing or declining?
Liberty Corner Fire Company's revenue is growing. Revenue went from $242,980 (202212) to $500,204 (202312), a +105.9% change. Based on 13 filings on record.
What is Liberty Corner Fire Company's most recent 990 filing?
The most recent IRS Form 990 filing for Liberty Corner Fire Company covers tax period 202312. It shows revenue of $500,204, expenses of $190,947, total assets of $1,797,746, and liabilities of N/A.
How much does Liberty Corner Fire Company spend on programs vs administration?
Based on IRS 990 analysis, Liberty Corner Fire Company allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Liberty Corner Fire Company a trustworthy charity?
Based on AI analysis of IRS 990 data, Liberty Corner Fire Company appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Liberty Corner Fire Company?
The following concerns were identified: Lack of detailed program reporting makes it difficult to assess direct community impact.. The nature of 'nt' (nonprofit type) is not provided, which is crucial for understanding its mission and comparing it to similar organizations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Liberty Corner Fire Company's strengths?
Positive indicators for Liberty Corner Fire Company include: Consistent revenue and asset growth over the past several years, indicating stable financial health.. Low liabilities (l0) across all reported years, suggesting strong financial management and minimal debt.. Assets have grown from $1,085,148 in 2016 to $1,797,746 in 2023, demonstrating long-term financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Liberty Corner Fire Company compensate executives?
Executive compensation is not reported in the provided financial data, suggesting it is below the disclosure threshold or not applicable for this volunteer-based fire company. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Liberty Corner Fire Company?
• Financial filings are consistently submitted, showing regular operational expenses. • No specific program details or impact metrics are readily available in the provided data. • The organization's tax-exempt status (501c3) is not explicitly stated in the provided data, which could impact donor confidence. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and asset growth, what are the primary drivers of this financial stability for a volunteer fire company?
The consistent growth likely stems from a combination of steady community donations, local government support, and prudent management of existing assets, as indicated by the 'r' (revenue) and 'a' (assets) figures.
Without explicit program spending, how can one infer the primary use of funds for a volunteer fire company?
For a volunteer fire company, the majority of expenses ('x') would typically be allocated to operational costs such as equipment maintenance, training, facility upkeep, and utilities, which directly support their community service.
Filing History
IRS 990 filing history for Liberty Corner Fire Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Liberty Corner Fire Company's revenue has grown by 190.6%, moving from $172K to $500K. Total assets increased by 83.7% over the same period, from $979K to $1.8M. Total functional expenses rose by 6.7%, from $179K to $191K. In its most recent filing year (2023), Liberty Corner Fire Company reported a surplus of $309K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $191K | $1.8M | $0 | — | — |
| 2022 | $243K | $154K | $1.4M | $0 | — | View 990 |
| 2021 | $250K | $145K | $1.5M | $0 | — | View 990 |
| 2020 | $258K | $176K | $1.4M | $0 | — | — |
| 2019 | $216K | $175K | $1.2M | $0 | — | View 990 |
| 2018 | $187K | $162K | $1.1M | $0 | — | View 990 |
| 2017 | $232K | $161K | $1.2M | $0 | — | View 990 |
| 2016 | $225K | $163K | $1.1M | $0 | — | View 990 |
| 2015 | $168K | $167K | $1.0M | $0 | — | View 990 |
| 2014 | $191K | $207K | $1.0M | $0 | — | View 990 |
| 2013 | $212K | $180K | $1.0M | $0 | — | View 990 |
| 2012 | $194K | $166K | $1.0M | $0 | — | View 990 |
| 2011 | $172K | $179K | $979K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $191K, and assets of $1.8M (revenue +105.9% year-over-year).
- 2022: Revenue of $243K, expenses of $154K, and assets of $1.4M (revenue -2.9% year-over-year).
- 2021: Revenue of $250K, expenses of $145K, and assets of $1.5M (revenue -3.1% year-over-year).
- 2020: Revenue of $258K, expenses of $176K, and assets of $1.4M (revenue +19.7% year-over-year).
- 2019: Revenue of $216K, expenses of $175K, and assets of $1.2M (revenue +15.1% year-over-year).
- 2018: Revenue of $187K, expenses of $162K, and assets of $1.1M (revenue -19.2% year-over-year).
- 2017: Revenue of $232K, expenses of $161K, and assets of $1.2M (revenue +3.2% year-over-year).
- 2016: Revenue of $225K, expenses of $163K, and assets of $1.1M (revenue +33.6% year-over-year).
- 2015: Revenue of $168K, expenses of $167K, and assets of $1.0M (revenue -12.0% year-over-year).
- 2014: Revenue of $191K, expenses of $207K, and assets of $1.0M (revenue -10.0% year-over-year).
- 2013: Revenue of $212K, expenses of $180K, and assets of $1.0M (revenue +9.3% year-over-year).
- 2012: Revenue of $194K, expenses of $166K, and assets of $1.0M (revenue +12.9% year-over-year).
- 2011: Revenue of $172K, expenses of $179K, and assets of $979K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Corner Fire Company:
Data Sources and Methodology
This transparency report for Liberty Corner Fire Company 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.