Parsippany Rescue and Recovery Unit

Analysis

Parsippany Rescue and Recovery Unit is a registered charity in United States, based in Lake Hiawatha, NJ. It received its IRS tax-exemption ruling in August 1969, 57 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, Parsippany Rescue and Recovery Unit reported income of $70k and spending of $71k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $70k (-2.6%), an average of -0.6% a year. Over the whole period it spent 96% 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, Parsippany Rescue and Recovery Unit 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 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Baywood Rescue Squad Inc ($70k), Craig Volunteer Fire Department Inc ($70k) and Arcadia Bark Busters ($70k).

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 $637k against liabilities of $3,978, net assets of $633k.