Milltown Rescue Squad Inc

Analysis

Milltown Rescue Squad Inc is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in October 1963, 63 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, Milltown Rescue Squad Inc reported income of $314k and spending of $351k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $322k to $314k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milltown Rescue Squad Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Target Ministries ($314k), Baan Immanuel Inc ($314k) and Monona Grove Nursery School Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $1.0m against liabilities of $150k, net assets of $896k.