Mathews Volunteer Rescue Squad Incorporated

Analysis

Mathews Volunteer Rescue Squad Incorporated is a registered charity in United States, based in Hudgins, VA. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2023, Mathews Volunteer Rescue Squad Incorporated reported income of $698k and spending of $977k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $974k to $698k (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mathews Volunteer Rescue Squad Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Liberty Center for the Homeless Inc ($698k), Captain Erick Foster Memorial Ride ($698k) and Ida M McFarlin Memorial Trust ($698k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $124k (13% of expenses). Other salaries and wages came to $451k. At year end it held assets of $2.6m against liabilities of $417k, net assets of $2.2m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.