Summit Volunteer First Aid Squad Inc

Analysis

Summit Volunteer First Aid Squad Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in September 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Summit Volunteer First Aid Squad Inc reported income of $655k and spending of $540k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $655k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Summit Volunteer First Aid Squad Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include The Natonal Center for Behavior Health Solutions ($655k), Fountain Comunity Enrichment Inc ($656k) and Ellington Volunteer Ambulance Corps Inc ($655k).

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 $6.6m against liabilities of $0, net assets of $6.6m.