Newton Volunteer First Aid and Rescue Squad

Analysis

Newton Volunteer First Aid and Rescue Squad is a registered charity in United States, based in Newton, NJ. It received its IRS tax-exemption ruling in November 1967, 59 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newton Volunteer First Aid and Rescue Squad reported income of $142k and spending of $112k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $142k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Volunteer First Aid and Rescue Squad sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Vermont Council on Physical Fitness and Sports Inc ($142k), Guerreros Azules Corp ($142k) and American Foundation for Hungarian Literature and Education Ltd ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $207k against liabilities of $42k, net assets of $165k.