Isle of Wight Rescue Squad Inc

Analysis

Isle of Wight Rescue Squad Inc is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in June 1972, 54 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, Isle of Wight Rescue Squad Inc reported income of $345k and spending of $343k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $345k (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 112% 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, Isle of Wight 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 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include St Lawrence Volunteer Fire Department ($345k), Tasley Volunteer Fire Company Inc ($345k) and John William Hale Foundation ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $561k against liabilities of $0, net assets of $561k.