Springfield First Aid Squad Inc

Analysis

Springfield First Aid Squad Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in May 1950, 76 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, Springfield First Aid Squad Inc reported income of $764k and spending of $839k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $764k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springfield First Aid Squad Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Capitol Child Development Center Inc ($764k), Mt Carmel Gardens Inc ($765k) and Center for Dialogue and Resolution Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $333k. At year end it held assets of $806k against liabilities of $9,976, net assets of $796k.