Newport Emergency and Rescue Squad Incorporated

Analysis

Newport Emergency and Rescue Squad Incorporated is a registered charity in United States, based in Newport, TN. It received its IRS tax-exemption ruling in December 1970, 56 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, Newport Emergency and Rescue Squad Incorporated reported income of $195k and spending of $135k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $195k (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Emergency and Rescue Squad Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Umatilla Partnership Housing Inc ($195k), Wildlife Center Friends Inc ($195k) and Halifax Hospital Employees Community Service Fund Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $730k against liabilities of $0, net assets of $730k.