Concord Rescue Squad

Analysis

Concord Rescue Squad is a registered charity in United States, based in Concord, VA. It received its IRS tax-exemption ruling in March 1975, 51 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, Concord Rescue Squad reported income of $143k and spending of $163k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $132k to $143k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Rescue Squad sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include The Coastal Childrens Museum ($143k), The San Jose Police Officers Association Charitable Foundation ($143k) and Cops Connecting with Kids ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $694k against liabilities of $0, net assets of $694k.