Hatteras Island Rescue Squad Inc

Analysis

Hatteras Island Rescue Squad Inc is a registered charity in United States, based in Buxton, NC. It received its IRS tax-exemption ruling in August 1987, 39 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 August 2023, Hatteras Island Rescue Squad Inc reported income of $344k and spending of $309k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $234k to $344k (+47%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hatteras Island Rescue Squad Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Chehalem Youth & Family Services ($344k), The Plastic Surgery Research Council ($344k) and Sawyers Wish ($344k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $64k (21% of expenses). At year end it held assets of $956k against liabilities of $4,263, net assets of $952k. It reported 9 employees.