Bridgewater Volunteer Rescue Squad Inc

Analysis

Bridgewater Volunteer Rescue Squad Inc is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in July 2012, 14 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, Bridgewater Volunteer Rescue Squad Inc reported income of $298k and spending of $346k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $529k to $298k (-44%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 90% 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, Bridgewater Volunteer Rescue Squad Inc sits at the 71st percentile: it is larger than about 71% 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 Poultney Rescue Squad Inc ($298k), Dutchess Co Deputy Sheriffs Pba ($298k) and Cashtown Community Fire Co ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 46% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.