First Aid & Rescue Squad Inc of Somerville N J

Analysis

First Aid & Rescue Squad Inc of Somerville N J is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in May 1950, 76 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, First Aid & Rescue Squad Inc of Somerville N J reported income of $407k and spending of $535k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $407k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 111% 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, First Aid & Rescue Squad Inc of Somerville N J sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include George Hildebran Fire and Rescue Department Inc ($407k), Tyler County Emergency Squad Unit One ($407k) and East Northport Volunteer Fire Department Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.