Prince Edward Volunteer Rescue Squad Inc

Analysis

Prince Edward Volunteer Rescue Squad Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in April 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, Prince Edward Volunteer Rescue Squad Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prince Edward Volunteer Rescue Squad Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Delaware Academy of Medicine Inc ($1.3m), Corunna Area Ambulance Service Inc ($1.3m) and Blessed Angels Community Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $82k (6.2% of expenses). Other salaries and wages came to $629k. At year end it held assets of $1.9m against liabilities of $109k, net assets of $1.8m. It reported 27 employees.