Cape May Point Volunteer Fire Company No 1
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 58,653 | 45,320 | 13,333 | 194.5 | 0% |
| 2021 | 64,704 | 41,828 | 22,876 | 234.0 | 0% |
| 2022 | 83,343 | 59,456 | 23,887 | 407.1 | 0% |
| 2023 | 94,538 | 70,326 | 24,212 | 348.3 | 4% |
In its most recent public year (2023), this organization brought in $24,212 more than it spent. Its reserves stood at about 348.3 months of spending, up from 194.5 in 2020. Staff pay was 4% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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