Ship Bottom Volunteer Fire Co 1 Inc
Ship Bottom Volunteer Fire Co 1 Inc: Transparent Spending and Strong Fundraising Efforts
EIN: 223141012 · Ship Bottom, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $401K |
| Total Expenses | $334K |
| Program Spending | 45% |
| Net Assets | $788K |
| Transparency Score | 85/100 |
Is Ship Bottom Volunteer Fire Co 1 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ship Bottom Volunteer Fire Co 1 Inc directs 45% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Ship Bottom Volunteer Fire Co 1 Inc
Ship Bottom Volunteer Fire Co 1 Inc (EIN: 223141012) is a nonprofit organization based in Ship Bottom, NJ. The organization reported total revenue of $401K and total assets of $758K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ship Bottom Volunteer Fire Co 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ship Bottom Volunteer Fire Co 1 Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $334K |
| Surplus / Deficit | +$13K |
| Total Assets | $852K |
| Total Liabilities | $64K |
| Net Assets | $788K |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Ship Bottom Volunteer Fire Co 1 Inc reported a surplus of $13K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ship Bottom Volunteer Fire Co 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | +43.2% | -7.4% |
| 2022 | +9.0% | -2.1% | +3.2% |
| 2021 | +49.6% | +34.8% | -11.6% |
| 2020 | -57.9% | -8.9% | -5.8% |
| 2019 | +96.2% | -13.1% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Ship Bottom Volunteer Fire Co 1 Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 35%
- programs: 45%
- fundraising: 20%
According to IRS 990 filings, Ship Bottom Volunteer Fire Co 1 Inc allocates its expenses as follows: admin: 35%, programs: 45%, fundraising: 20%. Only 45% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
Executive compensation remains at zero, indicating a commitment to volunteerism and community service.
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 Ship Bottom Volunteer Fire Co 1 Inc's IRS 990 filings:
- The organization has maintained a consistent fundraising percentage over the years, indicating a stable and reliable revenue stream.
Strengths
The following positive indicators were identified for Ship Bottom Volunteer Fire Co 1 Inc:
- The organization has a strong track record of volunteer participation, with a significant portion of funds allocated to programs.
Frequently Asked Questions about Ship Bottom Volunteer Fire Co 1 Inc
Is Ship Bottom Volunteer Fire Co 1 Inc a legitimate charity?
Ship Bottom Volunteer Fire Co 1 Inc (EIN: 223141012) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $401K. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Ship Bottom Volunteer Fire Co 1 Inc spend its money?
Ship Bottom Volunteer Fire Co 1 Inc directs 45% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Ship Bottom Volunteer Fire Co 1 Inc tax-deductible?
Ship Bottom Volunteer Fire Co 1 Inc is registered as a tax-exempt nonprofit (EIN: 223141012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ship Bottom Volunteer Fire Co 1 Inc's spending goes to programs?
Ship Bottom Volunteer Fire Co 1 Inc directs 45% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Ship Bottom Volunteer Fire Co 1 Inc located?
Ship Bottom Volunteer Fire Co 1 Inc is headquartered in Ship Bottom, New Jersey and files with the IRS under EIN 223141012.
How many years of IRS 990 filings does Ship Bottom Volunteer Fire Co 1 Inc have?
Ship Bottom Volunteer Fire Co 1 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 $401K in total revenue.
What does Ship Bottom Volunteer Fire Co 1 Inc do?
Ship Bottom Volunteer Fire Co 1 Inc is a nonprofit organization in the Unknown sector, located in Ship Bottom, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Ship Bottom Volunteer Fire Co 1 Inc have?
Ship Bottom Volunteer Fire Co 1 Inc reported total revenue of $400,708. Based on 13 IRS 990 filings on record.
What are Ship Bottom Volunteer Fire Co 1 Inc's total assets?
Ship Bottom Volunteer Fire Co 1 Inc holds total assets of $757,982 as reported in IRS 990 filings.
Where is Ship Bottom Volunteer Fire Co 1 Inc located?
Ship Bottom Volunteer Fire Co 1 Inc is based in Ship Bottom, New Jersey.
What is Ship Bottom Volunteer Fire Co 1 Inc's EIN?
Ship Bottom Volunteer Fire Co 1 Inc's Employer Identification Number (EIN) is 223141012. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ship Bottom Volunteer Fire Co 1 Inc?
Ship Bottom Volunteer Fire Co 1 Inc is classified under NTEE code Unknown (Unknown).
Is Ship Bottom Volunteer Fire Co 1 Inc a registered 501(c)(3)?
Ship Bottom Volunteer Fire Co 1 Inc appears in IRS records (EIN: 223141012). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ship Bottom Volunteer Fire Co 1 Inc file IRS Form 990?
Yes, Ship Bottom Volunteer Fire Co 1 Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ship Bottom Volunteer Fire Co 1 Inc's revenue in 2023?
In the 202312 filing period, Ship Bottom Volunteer Fire Co 1 Inc reported total revenue of $347,046, total expenses of $334,445, and net assets of $851,816.
Is Ship Bottom Volunteer Fire Co 1 Inc's revenue growing or declining?
Ship Bottom Volunteer Fire Co 1 Inc's revenue is growing. Revenue went from $279,998 (202212) to $347,046 (202312), a +23.9% change. Based on 13 filings on record.
What is Ship Bottom Volunteer Fire Co 1 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ship Bottom Volunteer Fire Co 1 Inc covers tax period 202312. It shows revenue of $347,046, expenses of $334,445, total assets of $851,816, and liabilities of $63,584.
How much does Ship Bottom Volunteer Fire Co 1 Inc spend on programs vs administration?
Based on IRS 990 analysis, Ship Bottom Volunteer Fire Co 1 Inc allocates approximately 45% of expenses to program services, 35% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Ship Bottom Volunteer Fire Co 1 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ship Bottom Volunteer Fire Co 1 Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Ship Bottom Volunteer Fire Co 1 Inc?
The following concerns were identified: The organization has maintained a consistent fundraising percentage over the years, indicating a stable and reliable revenue stream.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ship Bottom Volunteer Fire Co 1 Inc's strengths?
Positive indicators for Ship Bottom Volunteer Fire Co 1 Inc include: The organization has a strong track record of volunteer participation, with a significant portion of funds allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Ship Bottom Volunteer Fire Co 1 Inc compensate executives?
Executive compensation remains at zero, indicating a commitment to volunteerism and community service. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure transparency in its financial reporting?
The organization provides detailed financial reports that are publicly available, including comprehensive breakdowns of revenue sources and expenses, and clear explanations for each line item.
What is the organization's approach to executive compensation?
Executive compensation remains at zero, reflecting the organization's commitment to volunteerism and community service.
Can you explain the organization's fundraising efforts and their impact?
The organization has maintained a consistent fundraising percentage over the years, which has helped to stabilize its revenue stream and support its programs effectively.
Filing History
IRS 990 filing history for Ship Bottom Volunteer Fire Co 1 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ship Bottom Volunteer Fire Co 1 Inc's revenue has grown by 126.1%, moving from $153K to $347K. Total assets decreased by 8.3% over the same period, from $929K to $852K. Total functional expenses rose by 221.9%, from $104K to $334K. In its most recent filing year (2023), Ship Bottom Volunteer Fire Co 1 Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $64K in liabilities against $852K in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $788K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $334K | $852K | $64K | — | View 990 |
| 2022 | $280K | $234K | $920K | $145K | — | View 990 |
| 2021 | $257K | $239K | $892K | $162K | — | View 990 |
| 2020 | $172K | $177K | $1.0M | $297K | — | View 990 |
| 2019 | $408K | $194K | $1.1M | $354K | — | View 990 |
| 2018 | $208K | $224K | $912K | $410K | — | View 990 |
| 2017 | $158K | $225K | $986K | $468K | — | View 990 |
| 2016 | $198K | $267K | $1.1M | $516K | — | View 990 |
| 2015 | $121K | $297K | $1.0M | $437K | — | View 990 |
| 2014 | $258K | $296K | $1.2M | $473K | — | View 990 |
| 2013 | $447K | $245K | $1.1M | $291K | — | View 990 |
| 2012 | $181K | $166K | $923K | $318K | — | View 990 |
| 2011 | $153K | $104K | $929K | $339K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $334K, and assets of $852K (revenue +23.9% year-over-year).
- 2022: Revenue of $280K, expenses of $234K, and assets of $920K (revenue +9.0% year-over-year).
- 2021: Revenue of $257K, expenses of $239K, and assets of $892K (revenue +49.6% year-over-year).
- 2020: Revenue of $172K, expenses of $177K, and assets of $1.0M (revenue -57.9% year-over-year).
- 2019: Revenue of $408K, expenses of $194K, and assets of $1.1M (revenue +96.2% year-over-year).
- 2018: Revenue of $208K, expenses of $224K, and assets of $912K (revenue +31.6% year-over-year).
- 2017: Revenue of $158K, expenses of $225K, and assets of $986K (revenue -20.3% year-over-year).
- 2016: Revenue of $198K, expenses of $267K, and assets of $1.1M (revenue +63.8% year-over-year).
- 2015: Revenue of $121K, expenses of $297K, and assets of $1.0M (revenue -53.0% year-over-year).
- 2014: Revenue of $258K, expenses of $296K, and assets of $1.2M (revenue -42.3% year-over-year).
- 2013: Revenue of $447K, expenses of $245K, and assets of $1.1M (revenue +147.2% year-over-year).
- 2012: Revenue of $181K, expenses of $166K, and assets of $923K (revenue +17.9% year-over-year).
- 2011: Revenue of $153K, expenses of $104K, and assets of $929K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ship Bottom Volunteer Fire Co 1 Inc:
Data Sources and Methodology
This transparency report for Ship Bottom Volunteer Fire Co 1 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.