Fripp Island Volunteer Rescue

Analysis

Fripp Island Volunteer Rescue is a registered charity in United States, based in Fripp Island, SC. It received its IRS tax-exemption ruling in May 1984, 42 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, Fripp Island Volunteer Rescue reported income of $53k and spending of $37k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $53k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fripp Island Volunteer Rescue sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Oklahoma Writers Federations Inc ($53k), Southern California Society for Child Psychiatry ($53k) and Parent Booster USA Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.