Canton Rescue Squad Inc
Canton Rescue Squad Inc shows consistent asset growth and no reported officer compensation, despite recent operational deficits.
EIN: 200141750 · Canton, NY · NTEE: M23 · Updated: 2026-03-28
Is Canton Rescue Squad Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Canton Rescue Squad Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Canton Rescue Squad Inc
Canton Rescue Squad Inc (EIN: 200141750) is a nonprofit organization based in Canton, NY, classified under NTEE code M23. The organization reported total revenue of $2.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canton Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canton Rescue Squad Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-75,483 |
| Total Assets | $2.2M |
| Total Liabilities | $833K |
| Net Assets | $1.4M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2024, Canton Rescue Squad Inc reported a deficit of $75K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Canton Rescue Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.9% | -7.1% | -5.8% |
| 2023 | -20.0% | -4.9% | -16.4% |
| 2022 | +6.2% | +16.8% | +11.0% |
| 2021 | +25.4% | +21.1% | +13.3% |
| 2020 | +220.8% | +547.5% | +192.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Canton Rescue Squad Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Canton Rescue Squad Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.8%.
Executive Compensation Analysis
Canton Rescue Squad Inc consistently reports 0% officer compensation across all 13 available filings, indicating that executive leadership is either volunteer or compensated through non-officer categories, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Canton Rescue Squad Inc's IRS 990 filings:
- Recent operational deficits in 202303 and 202403 where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Canton Rescue Squad Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Significant long-term growth in assets from $426,413 in 201503 to $2,205,816 in 202403.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
- Healthy asset-to-liability ratio, with assets consistently exceeding liabilities.
Frequently Asked Questions about Canton Rescue Squad Inc
Is Canton Rescue Squad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Canton Rescue Squad Inc (EIN: 200141750) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Canton Rescue Squad Inc spend its money?
Canton Rescue Squad Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Canton Rescue Squad Inc tax-deductible?
Canton Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 200141750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Canton Rescue Squad Inc financially stable?
Yes, Canton Rescue Squad Inc appears financially stable. While they experienced operational deficits in 202403 ($2,168,738 revenue vs. $2,244,221 expenses) and 202303 ($2,106,758 revenue vs. $2,414,448 expenses), their assets have consistently grown from $426,413 in 201503 to $2,205,816 in 202403, and they maintain a healthy asset-to-liability ratio.
How does Canton Rescue Squad Inc manage executive compensation?
Canton Rescue Squad Inc reports 0% officer compensation in all available IRS 990 filings, suggesting that their executive leadership is either volunteer-based or compensated in a manner not classified as officer compensation, which is a strong indicator of efficient spending.
What is the trend in Canton Rescue Squad Inc's revenue and expenses?
Canton Rescue Squad Inc has seen significant growth in both revenue and expenses over the past decade, with revenue increasing from $491,264 in 201503 to $2,168,738 in 202403. While there have been periods of surplus (e.g., 202103, 202203), the most recent two periods (202303, 202403) show expenses slightly exceeding revenue.
Filing History
IRS 990 filing history for Canton Rescue Squad Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Canton Rescue Squad Inc's revenue has grown by 440.2%, moving from $401K to $2.2M. Total assets increased by 794.3% over the same period, from $247K to $2.2M. Total functional expenses rose by 355.7%, from $492K to $2.2M. In its most recent filing year (2024), Canton Rescue Squad Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $833K in liabilities against $2.2M in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $2.2M | $833K | — | View 990 |
| 2023 | $2.1M | $2.4M | $2.3M | $894K | — | View 990 |
| 2022 | $2.6M | $2.5M | $2.8M | $1.2M | — | View 990 |
| 2021 | $2.5M | $2.2M | $2.5M | $990K | — | View 990 |
| 2020 | $2.0M | $1.8M | $2.2M | $982K | — | View 990 |
| 2019 | $616K | $277K | $762K | $0 | — | View 990 |
| 2018 | $601K | $609K | $423K | $0 | — | View 990 |
| 2017 | $586K | $627K | $431K | $0 | — | View 990 |
| 2016 | $541K | $495K | $473K | $0 | — | View 990 |
| 2015 | $491K | $428K | $426K | $0 | — | View 990 |
| 2014 | $421K | $387K | $363K | $0 | — | View 990 |
| 2013 | $405K | $322K | $329K | $0 | — | View 990 |
| 2012 | $401K | $492K | $247K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.2M, and assets of $2.2M (revenue +2.9% year-over-year).
- 2023: Revenue of $2.1M, expenses of $2.4M, and assets of $2.3M (revenue -20.0% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.5M, and assets of $2.8M (revenue +6.2% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.2M, and assets of $2.5M (revenue +25.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.8M, and assets of $2.2M (revenue +220.8% year-over-year).
- 2019: Revenue of $616K, expenses of $277K, and assets of $762K (revenue +2.5% year-over-year).
- 2018: Revenue of $601K, expenses of $609K, and assets of $423K (revenue +2.6% year-over-year).
- 2017: Revenue of $586K, expenses of $627K, and assets of $431K (revenue +8.2% year-over-year).
- 2016: Revenue of $541K, expenses of $495K, and assets of $473K (revenue +10.2% year-over-year).
- 2015: Revenue of $491K, expenses of $428K, and assets of $426K (revenue +16.8% year-over-year).
- 2014: Revenue of $421K, expenses of $387K, and assets of $363K (revenue +3.9% year-over-year).
- 2013: Revenue of $405K, expenses of $322K, and assets of $329K (revenue +0.8% year-over-year).
- 2012: Revenue of $401K, expenses of $492K, and assets of $247K.
Data Sources and Methodology
This transparency report for Canton Rescue Squad Inc 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.