Milford N J Fire Company Inc
Milford N J Fire Company Inc: Steady Revenue, Asset Growth, and Community Focus
EIN: 222287572 · Milford, NJ · NTEE: M24 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $602K |
| Total Expenses | $220K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $938K |
| Transparency Score | 75/100 |
Is Milford N J Fire Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford N J Fire Company Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Milford N J Fire Company Inc
Milford N J Fire Company Inc (EIN: 222287572) is a nonprofit organization based in Milford, NJ, classified under NTEE code M24. The organization reported total revenue of $602K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford N J Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford N J Fire Company Inc is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $220K |
| Surplus / Deficit | +$108K |
| Total Assets | $938K |
| Net Assets | $938K |
| Operating Margin | 33.0% |
| Months of Reserves | 51.3 months |
Financial Health Grade: A
In 2023, Milford N J Fire Company Inc reported a surplus of $108K with revenue exceeding expenses, holds 51.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Milford N J Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.6% | -17.6% | +7.9% |
| 2022 | +2.8% | +35.6% | +3.0% |
| 2021 | +12.1% | -18.4% | +3.5% |
| 2020 | +36.6% | +52.1% | -2.8% |
| 2019 | -6.6% | -14.6% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Milford N J Fire Company Inc 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, Milford N J Fire Company Inc 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 $108K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported, with all filings indicating $0 for officers, directors, trustees, and key employees, suggesting a fully volunteer-led organization.
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 Milford N J Fire Company Inc's IRS 990 filings:
- The organization's revenue in 2022 ($252,830) was less than its expenses ($266,690), resulting in a deficit for that year.
- The Form 990-EZ limits the level of detailed financial information available compared to a full Form 990.
Strengths
The following positive indicators were identified for Milford N J Fire Company Inc:
- Consistent asset growth over the past several years, from $836,081 in 2018 to $938,141 in 2023, demonstrates financial stability.
- The organization appears to be entirely volunteer-run at the leadership level, with $0 reported for executive compensation across all filings.
- Significant revenue increase in 2023 to $327,628, indicating strong recent fundraising or community support.
- Maintains a healthy asset base relative to its annual revenues.
Frequently Asked Questions about Milford N J Fire Company Inc
Is Milford N J Fire Company Inc a legitimate charity?
Milford N J Fire Company Inc (EIN: 222287572) 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: $602K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Milford N J Fire Company Inc spend its money?
Milford N J Fire Company Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Milford N J Fire Company Inc tax-deductible?
Milford N J Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 222287572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Milford N J Fire Company Inc CEO make?
Milford N J Fire Company Inc's highest-compensated officer earns $0 annually. The organization reported $602K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Milford N J Fire Company Inc's spending goes to programs?
Milford N J Fire Company Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Milford N J Fire Company Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Milford N J Fire Company Inc is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Milford N J Fire Company Inc located?
Milford N J Fire Company Inc is headquartered in Milford, New Jersey and files with the IRS under EIN 222287572. It is classified under NTEE code M24.
How many years of IRS 990 filings does Milford N J Fire Company Inc have?
Milford N J Fire Company Inc 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 $602K in total revenue.
What does Milford N J Fire Company Inc do?
Milford N J Fire Company Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Milford, New Jersey. It is classified under NTEE code M24.
How much revenue does Milford N J Fire Company Inc have?
Milford N J Fire Company Inc reported total revenue of $601,601. Based on 13 IRS 990 filings on record.
What are Milford N J Fire Company Inc's total assets?
Milford N J Fire Company Inc holds total assets of $1,286,009 as reported in IRS 990 filings.
Where is Milford N J Fire Company Inc located?
Milford N J Fire Company Inc is based in Milford, New Jersey.
What is Milford N J Fire Company Inc's EIN?
Milford N J Fire Company Inc's Employer Identification Number (EIN) is 222287572. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Milford N J Fire Company Inc?
Milford N J Fire Company Inc is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is Milford N J Fire Company Inc a registered 501(c)(3)?
Yes, Milford N J Fire Company Inc is recognized as a tax-exempt organization by the IRS. EIN: 222287572.
Does Milford N J Fire Company Inc file IRS Form 990?
Yes, Milford N J Fire Company Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Milford N J Fire Company Inc's revenue in 2023?
In the 202312 filing period, Milford N J Fire Company Inc reported total revenue of $327,628, total expenses of $219,627, and net assets of $938,141.
Is Milford N J Fire Company Inc's revenue growing or declining?
Milford N J Fire Company Inc's revenue is growing. Revenue went from $252,830 (202212) to $327,628 (202312), a +29.6% change. Based on 13 filings on record.
What is Milford N J Fire Company Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Milford N J Fire Company Inc covers tax period 202312. It shows revenue of $327,628, expenses of $219,627, total assets of $938,141, and liabilities of N/A.
How much does Milford N J Fire Company Inc spend on programs vs administration?
Based on IRS 990 analysis, Milford N J Fire Company Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Milford N J Fire Company Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Milford N J Fire Company Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Milford N J Fire Company Inc?
The following concerns were identified: The organization's revenue in 2022 ($252,830) was less than its expenses ($266,690), resulting in a deficit for that year.. The Form 990-EZ limits the level of detailed financial information available compared to a full Form 990.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Milford N J Fire Company Inc's strengths?
Positive indicators for Milford N J Fire Company Inc include: Consistent asset growth over the past several years, from $836,081 in 2018 to $938,141 in 2023, demonstrates financial stability.. The organization appears to be entirely volunteer-run at the leadership level, with $0 reported for executive compensation across all filings.. Significant revenue increase in 2023 to $327,628, indicating strong recent fundraising or community support.. Maintains a healthy asset base relative to its annual revenues.. These findings are derived from AI analysis of the organization's financial filings.
How does Milford N J Fire Company Inc compensate executives?
Executive compensation is not reported, with all filings indicating $0 for officers, directors, trustees, and key employees, suggesting a fully volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization ensure effective governance and operational oversight without paid leadership?
The consistent $0 executive compensation suggests a strong reliance on dedicated volunteers for leadership roles. Effective governance would likely be maintained through a robust board of directors, clear bylaws, and active community engagement, leveraging the passion and commitment of its volunteer base.
What factors contributed to the significant revenue increase from $252,830 in 2022 to $327,628 in 2023, and is this growth sustainable?
The filings do not detail the specific sources of revenue, but such a jump could be due to a successful fundraising campaign, a large one-time donation, or increased community support. Sustainability would depend on whether these factors are repeatable or represent a new, higher baseline of support.
Filing History
IRS 990 filing history for Milford N J Fire Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Milford N J Fire Company Inc's revenue has grown by 107%, moving from $158K to $328K. Total assets increased by 28.8% over the same period, from $728K to $938K. Total functional expenses rose by 28.2%, from $171K to $220K. In its most recent filing year (2023), Milford N J Fire Company Inc reported a surplus of $108K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $328K | $220K | $938K | $0 | — | View 990 |
| 2022 | $253K | $267K | $869K | $39K | — | — |
| 2021 | $246K | $197K | $844K | $0 | — | View 990 |
| 2020 | $220K | $241K | $815K | $0 | — | View 990 |
| 2019 | $161K | $158K | $838K | $0 | — | View 990 |
| 2018 | $172K | $186K | $836K | $0 | — | View 990 |
| 2017 | $326K | $317K | $850K | $0 | — | View 990 |
| 2016 | $201K | $125K | $841K | $0 | — | View 990 |
| 2015 | $160K | $190K | $770K | $0 | — | View 990 |
| 2014 | $195K | $187K | $820K | $20K | — | View 990 |
| 2013 | $132K | $154K | $833K | $45K | — | View 990 |
| 2012 | $213K | $133K | $853K | $51K | — | View 990 |
| 2011 | $158K | $171K | $728K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $328K, expenses of $220K, and assets of $938K (revenue +29.6% year-over-year).
- 2022: Revenue of $253K, expenses of $267K, and assets of $869K (revenue +2.8% year-over-year).
- 2021: Revenue of $246K, expenses of $197K, and assets of $844K (revenue +12.1% year-over-year).
- 2020: Revenue of $220K, expenses of $241K, and assets of $815K (revenue +36.6% year-over-year).
- 2019: Revenue of $161K, expenses of $158K, and assets of $838K (revenue -6.6% year-over-year).
- 2018: Revenue of $172K, expenses of $186K, and assets of $836K (revenue -47.1% year-over-year).
- 2017: Revenue of $326K, expenses of $317K, and assets of $850K (revenue +62.2% year-over-year).
- 2016: Revenue of $201K, expenses of $125K, and assets of $841K (revenue +25.2% year-over-year).
- 2015: Revenue of $160K, expenses of $190K, and assets of $770K (revenue -17.6% year-over-year).
- 2014: Revenue of $195K, expenses of $187K, and assets of $820K (revenue +47.6% year-over-year).
- 2013: Revenue of $132K, expenses of $154K, and assets of $833K (revenue -38.1% year-over-year).
- 2012: Revenue of $213K, expenses of $133K, and assets of $853K (revenue +34.6% year-over-year).
- 2011: Revenue of $158K, expenses of $171K, and assets of $728K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford N J Fire Company Inc:
Data Sources and Methodology
This transparency report for Milford N J Fire Company Inc 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.