Newfield Rescue Squad

Analysis

Newfield Rescue Squad is a registered charity in United States, based in West Newfield, ME. It received its IRS tax-exemption ruling in January 1981, 45 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, Newfield Rescue Squad reported income of $364k and spending of $276k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $209k to $364k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newfield Rescue Squad sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Court Appointed Special Advocates of Wise and Jack Counties ($364k), Trinity College School Fund Inc ($364k) and Lottie Johnson Memorial Housing Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $33k (12% of expenses). At year end it held assets of $284k against liabilities of $2,000, net assets of $282k. It reported 25 employees.