North Iredell Rescue Squad Inc

Analysis

North Iredell Rescue Squad Inc is a registered charity in United States, based in Harmony, NC. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, North Iredell Rescue Squad Inc reported income of $312k and spending of $344k, spending 110% of what it took in. Across the 3 years on record, from June 2019 to June 2022, income grew from $239k to $312k (+31%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 129% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, North Iredell Rescue Squad Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include South Hunt County Fire Rescue Inc ($312k), Augusta Volunteer Fire Department ($312k) and Fire Department of Montgomery Township Relief Association ($312k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $80k. At year end it held assets of $626k against liabilities of $290k, net assets of $336k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.