Lakewood First Aid & Emergency Squad Inc

Analysis

Lakewood First Aid & Emergency Squad Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 1954, 72 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, Lakewood First Aid & Emergency Squad Inc reported income of $174k and spending of $129k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $174k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 97% 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, Lakewood First Aid & Emergency Squad Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Cornwall Volunteer Fire Department ($173k), Kunkletown Volunteer Fire Co ($174k) and Good Shepherd Center ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $356k against liabilities of $0, net assets of $356k.