Schroon Lake Emergency Squad Inc

Analysis

Schroon Lake Emergency Squad Inc is a registered charity in United States, based in Schroon Lake, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Schroon Lake Emergency Squad Inc reported income of $713k and spending of $704k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $713k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schroon Lake Emergency Squad Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Sharing Place Inc ($713k), The American Association for the Treatment of Opioid Dependence Inc ($713k) and Stroke Onward Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.