Saranac Lake Volunteer Rescue Squad Inc

Analysis

Saranac Lake Volunteer Rescue Squad Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in April 2011, 15 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, Saranac Lake Volunteer Rescue Squad Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 98% 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, Saranac Lake Volunteer Rescue Squad Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Smart and Final Charitable Foundation ($1.7m), Emergency Squad No 1 of Sidney Fire Dept of the Village of Sidney Inc ($1.7m) and National Ski Patrol System Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Other salaries and wages came to $666k. At year end it held assets of $1.5m against liabilities of $493k, net assets of $995k. It reported 28 employees.