Grottoes Rescue Squad Inc

Analysis

Grottoes Rescue Squad Inc is a registered charity in United States, based in Grottoes, VA. It received its IRS tax-exemption ruling in August 1974, 52 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, Grottoes Rescue Squad Inc reported income of $394k and spending of $268k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $394k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 72% 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, Grottoes Rescue Squad Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include National Trail Volunteer Fire Department Inc ($394k), East Sparta Volunteer Fire Dept Inc ($394k) and Bartlett Jackson Ambulance ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 43% of the total. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.9m.