Gates County Rescue Squad

Analysis

Gates County Rescue Squad is a registered charity in United States, based in Gatesville, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Gates County Rescue Squad reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 104% 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, Gates County Rescue Squad sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Five Points Fire Co No 1 ($1.9m), Garden Spot Fire Rescue ($1.9m) and Letts Community Volunteer Fire Dept Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $1.2m against liabilities of $561k, net assets of $666k. It reported 37 employees.