Hancock Rescue Squad Inc

Analysis

Hancock Rescue Squad Inc is a registered charity in United States, based in Hancock, MD. It received its IRS tax-exemption ruling in May 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hancock Rescue Squad Inc reported income of $1.1m and spending of $962k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $676k to $1.1m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 96% 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, Hancock Rescue Squad Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Goose Creek Rural Vol Fire Department ($1.1m), Band Together ($1.1m) and Wallburg Fire and Rescue Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Other salaries and wages came to $481k. At year end it held assets of $1.7m against liabilities of $451k, net assets of $1.2m. It reported 16 employees.