Potosi Rescue Squad

Analysis

Potosi Rescue Squad is a registered charity in United States, based in Potosi, WI. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Potosi Rescue Squad reported income of $144k and spending of $124k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $144k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Potosi Rescue Squad sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Heartspace Clinic ($144k), Brandon Apartments Inc ($144k) and Family Resource Center of Oswego County Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $11k (8.6% of expenses). Other salaries and wages came to $2,245. At year end it held assets of $415k against liabilities of $60k, net assets of $354k.