Morristown Emergency & Rescue Squad

Analysis

Morristown Emergency & Rescue Squad is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in September 1981, 45 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 July 2024, Morristown Emergency & Rescue Squad reported income of $186k and spending of $98k, leaving 47% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income fell from $414k to $186k (-55%), an average of -15% a year. The sharpest change came in the year to July 2020, when income dropped by 73%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morristown Emergency & Rescue Squad sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Evening Star Childcare Service NFP ($186k), Aurora Fire Station Preservation Corp ($186k) and The Santa Cruz Chorale Inc ($186k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 24% and program service revenue 24% of the total. At year end it held assets of $864k against liabilities of $91k, net assets of $773k.