Smith Point Sea Rescue Inc

Analysis

Smith Point Sea Rescue Inc is a registered charity in United States, based in Burgess, VA. It received its IRS tax-exemption ruling in April 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 December 2023, Smith Point Sea Rescue Inc reported income of $272k and spending of $120k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $272k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Point Sea Rescue Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Los Angeles Bicycle Academy ($272k), T C Roberson Rams Club Inc ($272k) and Jemez Bodhi Mandala ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.