Gloucester Volunteer Fire and Rescue Squad Inc

Analysis

Gloucester Volunteer Fire and Rescue Squad Inc is a registered charity in United States, based in Gloucester, VA. It received its IRS tax-exemption ruling in March 1979, 47 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, Gloucester Volunteer Fire and Rescue Squad Inc reported income of $2.8m and spending of $1.4m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 46% 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, Gloucester Volunteer Fire and Rescue Squad Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Blue Ridge Fire & Rescue Inc ($2.8m), Islamic Medical Association of North America Inc ($2.9m) and Orchard Park Fire District - Ems Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $337k. At year end it held assets of $16.9m against liabilities of $38k, net assets of $16.9m. It reported 27 employees.