Vergennes Area Rescue Squad

Analysis

Vergennes Area Rescue Squad is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in May 1969, 57 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, Vergennes Area Rescue Squad reported income of $550k and spending of $524k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $553k to $550k (-0.5%), an average of -0.1% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vergennes Area Rescue Squad sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include Bram Institute Corporation ($550k), National Lymphedema Network Inc ($550k) and Bridges to Community Inc ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $940 (0.2% of expenses). Other salaries and wages came to $286k. At year end it held assets of $1.0m against liabilities of $8,624, net assets of $1.0m. It reported 21 employees.