Salem Rescue Squad Inc

Analysis

Salem Rescue Squad Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in July 1980, 46 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, Salem Rescue Squad Inc reported income of $97k and spending of $98k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $200k to $97k (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Rescue Squad Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($97k), Peninsula Wrestling Association Inc ($97k) and Wet Mountain Broadcasting Corp ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 10% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.