Washington Engine Co No 1 - Matawan is a 501(c)(3) organization based in Matawan, New Jersey, registered in 2022, with $189,890 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$190K
▲ 58.1% vs prior year
Public Safety median: $166K
Expenses (FY2024)
$177K
Net assets
-$89K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Washington Engine Co No 1 - Matawan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Washington Engine Co No 1 - Matawan: 0 mo reserves · +7% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Washington Engine Co No 1 - Matawan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Washington Engine Co No 1 - Matawan: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $112K (FY2020) to $190K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
6.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$0
Total liabilities
$89K
Net assets
-$89K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,890▲58.1% | $177,018▼17.8% | -$89,171▲12.6% | $0 | 990EZ |
| 2023 | $120,080▼16.8% | $215,298▲42.3% | -$102,043▼1395% | $0 | 990EZ |
| 2022 | $144,280▲34.0% | $151,249▲34.2% | -$6,825▼4840% | $0▼100% | 990EZ |
| 2021 | $107,678▼3.9% | $112,734▲3.4% | $144▼97.2% | $144▼97.2% | 990EZ |
| 2020 | $112,002 | $109,032 | $5,200 | $5,200 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Washington Engine Co No 1 - Matawan (EIN 82-2222781) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.