Oceanport Vol First Aid and Rescue Squad

Analysis

Oceanport Vol First Aid and Rescue Squad is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oceanport Vol First Aid and Rescue Squad reported income of $54k and spending of $69k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $54k (-83%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 48% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Oceanport Vol First Aid and Rescue Squad sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Clyde Volunteer Fire Department ($54k), West Shore Bureau of Fire Fighters Relief Association ($54k) and Yantis Volunteer Fire Department ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 2.3% of the total. At year end it held assets of $489k against liabilities of $0, net assets of $489k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.