Compass 82 Inc

Analysis

Compass 82 Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 March 2024, Compass 82 Inc reported income of $5.7m and spending of $4.6m, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.7m to $5.7m (+107%), an average of +20% a year. The sharpest change came in the year to March 2024, when income rose by 380%. Over the whole period it spent 93% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Compass 82 Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Pinecroft Sedgefield Fire District Inc ($5.4m), Guil-Rand Fire Protective Association Inc ($5.7m) and Renaissance Community Loan Fund Inc ($5.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.2m. It reported 47 employees.