Colonia First Aid Squad

Analysis

Colonia First Aid Squad is a registered charity in United States, based in Colonia, NJ. It received its IRS tax-exemption ruling in April 1990, 36 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, Colonia First Aid Squad reported income of $753k and spending of $661k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $753k (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colonia First Aid Squad 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 Houston Tennis Association Inc ($753k), Business Consortium for Arts Supp ($753k) and New England Small College Athletic Conference ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $3,500 (0.5% of expenses). Other salaries and wages came to $454k. At year end it held assets of $313k against liabilities of $0, net assets of $313k. It reported 29 employees.