Holly Grove Volunteer Rescue Squad Inc

Analysis

Holly Grove Volunteer Rescue Squad Inc is a registered charity in United States, based in Bumpass, VA. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2023, Holly Grove Volunteer Rescue Squad Inc reported income of $104k and spending of $123k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $179k to $104k (-42%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 57%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holly Grove Volunteer Rescue Squad Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Cast Your Cares Inc ($104k), Seattle Childrens Hospital ($104k) and Gem City Housing ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $981k against liabilities of $0, net assets of $981k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.