Newtown Underwater Search and Rescue

Analysis

Newtown Underwater Search and Rescue is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in January 1998, 28 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 September 2023, Newtown Underwater Search and Rescue reported income of $95k and spending of $51k, leaving 46% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $78k to $95k (+21%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 56% 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, Newtown Underwater Search and Rescue sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Pickwick Fire and Rescue ($95k), Upper King and Queen Volunteer Fire Department ($95k) and Broadview Volunteer Fire Department ($95k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $281k against liabilities of $589, net assets of $280k.