Fairfield Volunteer Rescue Squad Inc

Analysis

Fairfield Volunteer Rescue Squad Inc is a registered charity in United States, based in Fairfield, VA. It received its IRS tax-exemption ruling in September 1987, 39 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 June 2023, Fairfield Volunteer Rescue Squad Inc reported income of $177k and spending of $165k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $156k to $177k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairfield Volunteer Rescue Squad Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Hanover Nursery School Inc ($177k), Texas Dixie Youth Baseball Inc ($177k) and Catholic Community Services Foundation ($176k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $600k against liabilities of $91k, net assets of $509k.