Bassett Rescue Squad Incorporated
EIN: 540939626 · Bassett, VA · NTEE: E62Z
Is Bassett Rescue Squad Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bassett Rescue Squad Incorporated
Bassett Rescue Squad Incorporated (EIN: 540939626) is a nonprofit organization based in Bassett, VA, classified under NTEE code E62Z. The organization reported total revenue of $256K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bassett Rescue Squad Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bassett Rescue Squad Incorporated is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $262K |
| Surplus / Deficit | +$99K |
| Total Assets | $265K |
| Net Assets | $265K |
| Operating Margin | 27.3% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Bassett Rescue Squad Incorporated reported a surplus of $99K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bassett Rescue Squad Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.5% | +19.5% | +58.7% |
| 2022 | +183.1% | +74.9% | -5.0% |
| 2021 | -55.8% | -54.4% | -23.1% |
| 2020 | -37.9% | +6.8% | -31.6% |
| 2019 | +11.7% | -2.4% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bassett Rescue Squad Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bassett Rescue Squad Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $99K, with revenue exceeding expenses.
Frequently Asked Questions about Bassett Rescue Squad Incorporated
Is Bassett Rescue Squad Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Bassett Rescue Squad Incorporated (EIN: 540939626) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bassett Rescue Squad Incorporated spend its money?
Detailed spending breakdown data is not yet available for Bassett Rescue Squad Incorporated. Check back for updated IRS 990 analysis.
Are donations to Bassett Rescue Squad Incorporated tax-deductible?
Bassett Rescue Squad Incorporated is registered as a tax-exempt nonprofit (EIN: 540939626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bassett Rescue Squad Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bassett Rescue Squad Incorporated's revenue has grown by 11.3%, moving from $324K to $361K. Total assets decreased by 36% over the same period, from $415K to $265K. Total functional expenses fell by 4.9%, from $276K to $262K. In its most recent filing year (2023), Bassett Rescue Squad Incorporated reported a surplus of $99K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $361K | $262K | $265K | $0 | — | — |
| 2022 | $210K | $220K | $167K | $0 | — | View 990 |
| 2021 | $74K | $126K | $176K | $0 | — | View 990 |
| 2020 | $168K | $276K | $229K | $0 | — | — |
| 2019 | $271K | $258K | $335K | $0 | — | View 990 |
| 2018 | $242K | $264K | $323K | $0 | — | View 990 |
| 2017 | $228K | $241K | $354K | $0 | — | View 990 |
| 2016 | $214K | $384K | $364K | $0 | — | View 990 |
| 2015 | $337K | $303K | $530K | $0 | — | View 990 |
| 2014 | $237K | $203K | $493K | $0 | — | View 990 |
| 2013 | $198K | $183K | $458K | $0 | — | View 990 |
| 2012 | $189K | $168K | $435K | $0 | — | View 990 |
| 2011 | $324K | $276K | $415K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $361K, expenses of $262K, and assets of $265K (revenue +71.5% year-over-year).
- 2022: Revenue of $210K, expenses of $220K, and assets of $167K (revenue +183.1% year-over-year).
- 2021: Revenue of $74K, expenses of $126K, and assets of $176K (revenue -55.8% year-over-year).
- 2020: Revenue of $168K, expenses of $276K, and assets of $229K (revenue -37.9% year-over-year).
- 2019: Revenue of $271K, expenses of $258K, and assets of $335K (revenue +11.7% year-over-year).
- 2018: Revenue of $242K, expenses of $264K, and assets of $323K (revenue +6.2% year-over-year).
- 2017: Revenue of $228K, expenses of $241K, and assets of $354K (revenue +6.4% year-over-year).
- 2016: Revenue of $214K, expenses of $384K, and assets of $364K (revenue -36.4% year-over-year).
- 2015: Revenue of $337K, expenses of $303K, and assets of $530K (revenue +42.5% year-over-year).
- 2014: Revenue of $237K, expenses of $203K, and assets of $493K (revenue +19.5% year-over-year).
- 2013: Revenue of $198K, expenses of $183K, and assets of $458K (revenue +5.0% year-over-year).
- 2012: Revenue of $189K, expenses of $168K, and assets of $435K (revenue -41.9% year-over-year).
- 2011: Revenue of $324K, expenses of $276K, and assets of $415K.
Data Sources and Methodology
This transparency report for Bassett Rescue Squad Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.