Stoneham Rescue Service

Analysis

Stoneham Rescue Service is a registered charity in United States, based in Stoneham, ME. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Stoneham Rescue Service reported income of $281k and spending of $286k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $202k to $281k (+39%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stoneham Rescue Service sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Genuine Animate Navigate Assist Succeed ($281k), Friends in Deed ($281k) and Mercy Flight Southeast Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 27% of the total. Other salaries and wages came to $164k. At year end it held assets of $373k against liabilities of $4,508, net assets of $369k. It reported 23 employees.

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.