Charlottesville-Albemarle Rescue Squad Inc

Analysis

Charlottesville-Albemarle Rescue Squad Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Charlottesville-Albemarle Rescue Squad Inc reported income of $2.2m and spending of $1.1m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlottesville-Albemarle Rescue Squad Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Idaho Inc ($2.2m), Healing Addiction in Our Community- Hac ($2.2m) and Kids & Clay Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 3.0% of the total. Other salaries and wages came to $8,612. At year end it held assets of $8.4m against liabilities of $76k, net assets of $8.3m. It reported 3 employees.