Colonial Beach Rescue Squad Incorporated

Analysis

Colonial Beach Rescue Squad Incorporated is a registered charity in United States, based in Colonial BCH, VA. It received its IRS tax-exemption ruling in October 1958, 68 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 June 2023, Colonial Beach Rescue Squad Incorporated reported income of $199k and spending of $164k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $198k to $199k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 82% 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, Colonial Beach Rescue Squad Incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Kirkwood Fire Co Dist No 1 Inc ($198k), Fork Mountain Volunteer Fire and Rescue Inc ($199k) and Avella Volunteer Fire Department ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. At year end it held assets of $1.2m against liabilities of $11k, net assets of $1.2m.