Laurel Volunteer Rescue Squad Inc

Analysis

Laurel Volunteer Rescue Squad Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in April 1974, 52 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, Laurel Volunteer Rescue Squad Inc reported income of $816k and spending of $505k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $816k (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Volunteer Rescue Squad Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Stablish Foundation ($816k), Loud Light ($816k) and Northwest Missouri United Labor Community Services Agency ($816k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. At year end it held assets of $2.6m against liabilities of $97k, net assets of $2.5m.