Virginia Association of Volunteer Rescue Squads

Analysis

Virginia Association of Volunteer Rescue Squads is a registered charity in United States, based in Oilville, VA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Association of Volunteer Rescue Squads reported income of $942k and spending of $749k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $847k to $942k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Association of Volunteer Rescue Squads sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Community Day Care Learning Center Inc ($942k), Del Valle Migrant Head Start Inc ($942k) and Tampa Bay Junior Lightning Inc ($942k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $45k (6.0% of expenses). Other salaries and wages came to $89k. At year end it held assets of $2.1m against liabilities of $159k, net assets of $1.9m. It reported 4 employees.