Florham Park Memorial First Aid Squad Inc

Analysis

Florham Park Memorial First Aid Squad Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in August 1979, 47 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, Florham Park Memorial First Aid Squad Inc reported income of $507k and spending of $563k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $507k (+210%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florham Park Memorial First Aid Squad Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Bible Pathway Ministries ($507k), Sikh Association of Baltimore Inc ($507k) and Foster Avenue Apartments ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Other salaries and wages came to $207k. At year end it held assets of $458k against liabilities of $0, net assets of $458k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.