Claremont Rescue Squad Inc

Analysis

Claremont Rescue Squad Inc is a registered charity in United States, based in Claremont, NC. It received its IRS tax-exemption ruling in June 1960, 66 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Claremont Rescue Squad Inc reported income of $353k and spending of $379k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $204k to $353k (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claremont Rescue Squad Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Oakland County Cable Communications Corporation ($353k), Chandler Lodge Foundation ($353k) and Parkinsons Association ($353k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $170k (45% of expenses). At year end it held assets of $269k against liabilities of $2,600, net assets of $266k. It reported 15 employees.