New Market Volunteer Fire Co Inc
New Market Volunteer Fire Co Inc: Consistent Operations, Limited Transparency
EIN: 221993239 · Piscataway, NJ · NTEE: M24 · Updated: 2026-04-04
About New Market Volunteer Fire Co Inc
New Market Volunteer Fire Co Inc (EIN: 221993239) is a nonprofit organization based in Piscataway, NJ, classified under NTEE code M24. The organization reported total revenue of $261K and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Market Volunteer Fire Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Market Volunteer Fire Co 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, New Market Volunteer Fire Co Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the disclosure threshold or handled by an external entity.
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 New Market Volunteer Fire Co Inc's IRS 990 filings:
- Lack of detailed program spending breakdown makes it difficult to assess direct impact.
- Limited public information regarding board governance and specific operational activities.
- No clear indication of how the 0% lobbying and political campaign contributions are verified.
Strengths
The following positive indicators were identified for New Market Volunteer Fire Co Inc:
- Consistent revenue generation over the past several years, indicating stable community support.
- Healthy asset growth from $175,833 in 2018 to $435,103 in 2023, demonstrating financial stability.
- Low overhead indicated by the absence of reported executive compensation.
Frequently Asked Questions about New Market Volunteer Fire Co Inc
What does New Market Volunteer Fire Co Inc do?
New Market Volunteer Fire Co Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Piscataway, New Jersey. It is classified under NTEE code M24.
How much revenue does New Market Volunteer Fire Co Inc have?
New Market Volunteer Fire Co Inc reported total revenue of $260,809. Based on 13 IRS 990 filings on record.
What are New Market Volunteer Fire Co Inc's total assets?
New Market Volunteer Fire Co Inc holds total assets of $435,103 as reported in IRS 990 filings.
Where is New Market Volunteer Fire Co Inc located?
New Market Volunteer Fire Co Inc is based in Piscataway, New Jersey.
What is New Market Volunteer Fire Co Inc's EIN?
New Market Volunteer Fire Co Inc's Employer Identification Number (EIN) is 221993239. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Market Volunteer Fire Co Inc?
New Market Volunteer Fire Co Inc is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is New Market Volunteer Fire Co Inc a registered 501(c)(3)?
Yes, New Market Volunteer Fire Co Inc is recognized as a tax-exempt organization by the IRS. EIN: 221993239.
Does New Market Volunteer Fire Co Inc file IRS Form 990?
Yes, New Market Volunteer Fire Co Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Market Volunteer Fire Co Inc's revenue in 2023?
In the 202312 filing period, New Market Volunteer Fire Co Inc reported total revenue of $213,704, total expenses of $108,310, and net assets of $435,103.
Is New Market Volunteer Fire Co Inc's revenue growing or declining?
New Market Volunteer Fire Co Inc's revenue is growing. Revenue went from $181,219 (202212) to $213,704 (202312), a +17.9% change. Based on 13 filings on record.
What is New Market Volunteer Fire Co Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Market Volunteer Fire Co Inc covers tax period 202312. It shows revenue of $213,704, expenses of $108,310, total assets of $435,103, and liabilities of N/A.
How much does New Market Volunteer Fire Co Inc spend on programs vs administration?
Based on IRS 990 analysis, New Market Volunteer Fire Co 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 New Market Volunteer Fire Co Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Market Volunteer Fire Co Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Market Volunteer Fire Co Inc?
The following concerns were identified: Lack of detailed program spending breakdown makes it difficult to assess direct impact.. Limited public information regarding board governance and specific operational activities.. No clear indication of how the 0% lobbying and political campaign contributions are verified.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Market Volunteer Fire Co Inc's strengths?
Positive indicators for New Market Volunteer Fire Co Inc include: Consistent revenue generation over the past several years, indicating stable community support.. Healthy asset growth from $175,833 in 2018 to $435,103 in 2023, demonstrating financial stability.. Low overhead indicated by the absence of reported executive compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does New Market Volunteer Fire Co Inc compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the disclosure threshold or handled by an external entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Market Volunteer Fire Co Inc?
• Financial statements are available, but detailed program breakdowns are not readily apparent. • No clear annual report or impact statement is published. • Board member information is not easily accessible. 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 specific initiatives or capital expenditures have driven this financial expansion?
The provided data shows consistent revenue and asset growth, but specific initiatives or capital expenditures driving this expansion are not detailed in the summary. Further investigation into their full financial statements would be needed to identify these drivers.
How does the organization ensure its 0% lobbying and political campaign contribution claim, and what internal controls are in place to maintain this?
The filings consistently report 0% for lobbying and political campaign contributions. The specific internal controls to ensure this claim are not detailed in the provided data and would require reviewing their internal policies and audit reports.
Filing History
IRS 990 filing history for New Market Volunteer Fire Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Market Volunteer Fire Co Inc's revenue has grown by 17.1%, moving from $183K to $214K. Total assets increased by 202.8% over the same period, from $144K to $435K. Total functional expenses fell by 12.3%, from $123K to $108K. In its most recent filing year (2023), New Market Volunteer Fire Co Inc reported a surplus of $105K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $108K | $435K | $0 | — | — |
| 2022 | $181K | $146K | $330K | $0 | — | View 990 |
| 2021 | $133K | $126K | $295K | $0 | — | — |
| 2020 | $132K | $81K | $288K | $0 | — | View 990 |
| 2019 | $168K | $107K | $237K | $0 | — | View 990 |
| 2018 | $128K | $135K | $176K | $0 | — | View 990 |
| 2017 | $131K | $124K | $183K | $0 | — | View 990 |
| 2016 | $125K | $101K | $177K | $0 | — | View 990 |
| 2015 | $112K | $102K | $152K | $0 | — | View 990 |
| 2014 | $117K | $132K | $142K | $0 | — | View 990 |
| 2013 | $142K | $110K | $157K | $0 | — | View 990 |
| 2012 | $123K | $126K | $139K | $10K | — | View 990 |
| 2011 | $183K | $123K | $144K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $108K, and assets of $435K (revenue +17.9% year-over-year).
- 2022: Revenue of $181K, expenses of $146K, and assets of $330K (revenue +36.2% year-over-year).
- 2021: Revenue of $133K, expenses of $126K, and assets of $295K (revenue +0.9% year-over-year).
- 2020: Revenue of $132K, expenses of $81K, and assets of $288K (revenue -21.4% year-over-year).
- 2019: Revenue of $168K, expenses of $107K, and assets of $237K (revenue +31.2% year-over-year).
- 2018: Revenue of $128K, expenses of $135K, and assets of $176K (revenue -2.5% year-over-year).
- 2017: Revenue of $131K, expenses of $124K, and assets of $183K (revenue +4.6% year-over-year).
- 2016: Revenue of $125K, expenses of $101K, and assets of $177K (revenue +12.4% year-over-year).
- 2015: Revenue of $112K, expenses of $102K, and assets of $152K (revenue -4.5% year-over-year).
- 2014: Revenue of $117K, expenses of $132K, and assets of $142K (revenue -18.0% year-over-year).
- 2013: Revenue of $142K, expenses of $110K, and assets of $157K (revenue +16.1% year-over-year).
- 2012: Revenue of $123K, expenses of $126K, and assets of $139K (revenue -32.8% year-over-year).
- 2011: Revenue of $183K, expenses of $123K, and assets of $144K.
Data Sources and Methodology
This transparency report for New Market Volunteer Fire Co 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.