Independence Volunteer Rescue Squad Inc

Analysis

Independence Volunteer Rescue Squad Inc is a registered charity in United States, based in Independence, VA. It received its IRS tax-exemption ruling in October 1989, 37 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, Independence Volunteer Rescue Squad Inc reported income of $306k and spending of $538k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $534k to $306k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Volunteer Rescue Squad Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Orange Coast Optimist Club of Garden Grove ($306k), Eventide Senior Housing Inc ($306k) and Aldersgate Properties Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Other salaries and wages came to $303k. At year end it held assets of $510k against liabilities of $0, net assets of $510k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.