Mineral Point Rescue Squad Inc

Analysis

Mineral Point Rescue Squad Inc is a registered charity in United States, based in Mineral Point, WI. It received its IRS tax-exemption ruling in April 2003, 23 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, Mineral Point Rescue Squad Inc reported income of $490k and spending of $453k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $490k (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 87% 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, Mineral Point Rescue Squad Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Mohegan Fire Company Inc ($489k), Erath County Volunteer Fire Department ($490k) and Lancaster County Public Safety Training Center Foundation ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $80k (18% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.5m against liabilities of $6,725, net assets of $1.4m. It reported 43 employees.