Watchung Rescue Squad Inc

Analysis

Watchung Rescue Squad Inc is a registered charity in United States, based in Watchung, NJ. It received its IRS tax-exemption ruling in September 2009, 17 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Watchung Rescue Squad Inc reported income of $132k and spending of $89k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $132k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watchung Rescue Squad Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include North Fulton Alcoholics Benevolent Association Inc ($132k), A Certain Sound ($132k) and PTA Texas Congress ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.