Hoosic Valley Rescue Squad

Analysis

Hoosic Valley Rescue Squad is a registered charity in United States, based in Schaghticoke, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Hoosic Valley Rescue Squad reported income of $1.0m and spending of $835k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $1.0m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 89% 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, Hoosic Valley Rescue Squad sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Hatzolah of Mill Basin-Canarsie Inc ($1.0m), Churches of Christ Disaster Response Team ($1.0m) and Farmington Volunteer Fire Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $511k. At year end it held assets of $875k against liabilities of $27k, net assets of $848k. It reported 49 employees.