Lakeside Volunteer Rescue Squad Inc

Analysis

Lakeside Volunteer Rescue Squad Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in April 1959, 67 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 2022, Lakeside Volunteer Rescue Squad Inc reported income of $397k and spending of $375k, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $315k to $397k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeside Volunteer Rescue Squad Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Share Health Southeast Georgia Inc ($397k), Tennessee Hemophilia & Bleeding Disorders Foundation ($397k) and Nea Divine Intervention Inc ($397k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. At year end it held assets of $1.2m against liabilities of $145k, net assets of $1.0m.