Monmouth Beach First Aid Squad

Analysis

Monmouth Beach First Aid Squad is a registered charity in United States, based in Monmouth BCH, NJ. It received its IRS tax-exemption ruling in January 1976, 50 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, Monmouth Beach First Aid Squad reported income of $108k and spending of $158k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $108k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monmouth Beach First Aid Squad sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Asc Health ($108k), Roanoke Chapter National Railway Historical Society ($108k) and Barre Historical Society Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $2,000 (1.3% of expenses). It paid $4,447 in professional fundraising fees. At year end it held assets of $524k against liabilities of $0, net assets of $524k.