Volunteer Life Saving Corps Inc

Analysis

Volunteer Life Saving Corps Inc is a registered charity in United States, based in Jax BCH, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Volunteer Life Saving Corps Inc reported income of $187k and spending of $111k, leaving 40% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $127k to $187k (+47%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Volunteer Life Saving Corps Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Union Sharewaves Foundation ($187k), Avon Community Swim Team Inc C/O Lucy V Duncan ($187k) and Houston Homeschool Athletics ($187k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 43% and program service revenue 43% of the total. At year end it held assets of $509k against liabilities of -$8,521, net assets of $518k.