The Vance Life Saving and Rescue Squad Incorporated

Analysis

The Vance Life Saving and Rescue Squad Incorporated is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in December 1989, 37 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 December 2023, The Vance Life Saving and Rescue Squad Incorporated reported income of $263k and spending of $307k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $263k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Vance Life Saving and Rescue Squad Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Friends of the Goethe Academy ($263k), Potomac Charismatic Community Inc ($263k) and The Foundation of St Marys Hospital at Amsterdam Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $23k (7.5% of expenses). Other salaries and wages came to $67k. At year end it held assets of $124k against liabilities of $1,996, net assets of $122k. It reported 11 employees.