Lavale Volunteer Rescue Squad Inc

Analysis

Lavale Volunteer Rescue Squad Inc is a registered charity in United States, based in Lavale, MD. It received its IRS tax-exemption ruling in September 1969, 57 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 (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, Lavale Volunteer Rescue Squad Inc reported income of $329k and spending of $673k, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $419k to $329k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 127% 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, Lavale Volunteer Rescue Squad Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Progress Fire Company ($329k), Hero Fund USA ($330k) and Recovering Oklahomans After Disaster Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 34% of the total. Other salaries and wages came to $318k. At year end it held assets of $2.0m against liabilities of $5,455, net assets of $2.0m. It reported 15 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.