Port Reading First Aid Squad Inc

Analysis

Port Reading First Aid Squad Inc is a registered charity in United States, based in Port Reading, NJ. It received its IRS tax-exemption ruling in August 1971, 55 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 May 2023, Port Reading First Aid Squad Inc reported income of $767k and spending of $628k, spending 82% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $463k to $767k (+66%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Reading 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 80th percentile within NJ. Charities of a similar size with the same main cause include Highlands Biological Foundation Inc ($767k), Kraemer Endowment Foundation Inc ($767k) and Theresa Living Center ($767k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Other salaries and wages came to $478k. At year end it held assets of $384k against liabilities of $0, net assets of $384k. It reported 31 employees.