Haysi Rescue Squad Inc

Analysis

Haysi Rescue Squad Inc is a registered charity in United States, based in Haysi, VA. It received its IRS tax-exemption ruling in March 2006, 20 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 2024, Haysi Rescue Squad Inc reported income of $377k and spending of $196k, leaving 48% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $253k to $377k (+49%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 149%. Over the whole period it spent 76% 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, Haysi Rescue Squad Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Drewry Volunteer Fire Department Inc ($376k), Friendship Fire Co 1 Inc ($377k) and Washington Township Volunteer Fire Co No 1 ($376k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $101k. At year end it held assets of $321k against liabilities of $20k, net assets of $301k. It reported 7 employees.