Virginia Beach Rescue Squad Inc

Analysis

Virginia Beach Rescue Squad Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in December 1957, 69 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 December 2023, Virginia Beach Rescue Squad Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Beach Rescue Squad Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Childrens Brain Tumor Foundation Inc ($1.5m), Rare Crossroads Inc ($1.5m) and Halo House Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 5.3% of the total. At year end it held assets of $9.9m against liabilities of $2.5m, net assets of $7.5m.