Bound Brook Rescue Squad Inc

Analysis

Bound Brook Rescue Squad Inc is a registered charity in United States, based in Bound Brook, NJ. It received its IRS tax-exemption ruling in November 1948, 78 years ago. 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, Bound Brook Rescue Squad Inc reported income of $67k and spending of $63k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $67k (-56%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bound Brook Rescue Squad Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Body Mind Centering Association Inc ($67k), Read for Life ($68k) and Arkansas Society of Certified Public Accountants Student Loan Fu ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $308k against liabilities of $0, net assets of $308k.