Independence First Aid Squad Inc

Analysis

Independence First Aid Squad Inc is a registered charity in United States, based in Great Meadows, NJ. It received its IRS tax-exemption ruling in June 1980, 46 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, Independence First Aid Squad Inc reported income of $332k and spending of $296k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $332k (+127%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 36%. 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, Independence First Aid Squad Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Camino Verde Inc ($332k), Urban League of the State of Arkansas Inc ($332k) and Downtown Bradford Revitalization Corporation ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $840k against liabilities of $116k, net assets of $724k.