Ashland Rescue Squad Inc

Analysis

Ashland Rescue Squad Inc is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in October 1951, 75 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 2024, Ashland Rescue Squad Inc reported income of $187k and spending of $67k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $40k to $187k (+364%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 343%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashland Rescue Squad Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Volunteers of America Inc ($187k), Marys Place Inc ($187k) and Afcea Educational Foundation ($187k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.