Central Lifesaving and Rescue Squad

Analysis

Central Lifesaving and Rescue Squad is a registered charity in United States, based in Gasburg, VA. It received its IRS tax-exemption ruling in November 1988, 38 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 December 2023, Central Lifesaving and Rescue Squad reported income of $636k and spending of $570k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $636k (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Lifesaving and Rescue Squad sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Minot Soccer Association ($636k), Rape & Suicide Crisis of Southeast Texas Inc ($636k) and Friends of Bridge Inc ($636k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $282k. At year end it held assets of $866k against liabilities of $3,532, net assets of $862k. It reported 10 employees.