Cool Branch Volunteer Rescue Squad Inc

Analysis

Cool Branch Volunteer Rescue Squad Inc is a registered charity in United States, based in Penhook, VA. It received its IRS tax-exemption ruling in February 1998, 28 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 2023, Cool Branch Volunteer Rescue Squad Inc reported income of $322k and spending of $273k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $242k to $322k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 335%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cool Branch Volunteer Rescue Squad Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include West Jefferson Hospital Foundation ($322k), Dubois Home Care ($322k) and Genesis Ministries of Rockingham County ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $166k (61% of expenses). At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 19 employees.