Chatham Rescue Squad Inc
Chatham Rescue Squad Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 146029267 · Ghent, NY · NTEE: E620 · Updated: 2026-03-28
Is Chatham Rescue Squad Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chatham Rescue Squad Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chatham Rescue Squad Inc
Chatham Rescue Squad Inc (EIN: 146029267) is a nonprofit organization based in Ghent, NY, classified under NTEE code E620. The organization reported total revenue of $2.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chatham Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chatham Rescue Squad Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Chatham Rescue Squad Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated in a manner not classified as officer compensation on the 990, which is highly favorable for an organization of its size with assets exceeding $1.5 million.
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.
Strengths
The following positive indicators were identified for Chatham Rescue Squad Inc:
- Consistent revenue growth, from $1,308,891 in 2013 to $1,866,163 in 2022.
- Significant asset growth, more than doubling from $712,789 in 2013 to $1,540,690 in 2022.
- 0% reported officer compensation across all available filings, indicating strong dedication to mission and efficient use of funds.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Operational surpluses in most years, such as 2021 (Revenue $1,891,080 vs Expenses $1,717,149) and 2020 (Revenue $1,951,910 vs Expenses $1,686,113).
Frequently Asked Questions about Chatham Rescue Squad Inc
Is Chatham Rescue Squad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chatham Rescue Squad Inc (EIN: 146029267) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Chatham Rescue Squad Inc spend its money?
Chatham Rescue Squad Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chatham Rescue Squad Inc tax-deductible?
Chatham Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 146029267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Chatham Rescue Squad Inc a good charity?
Based on the available IRS 990 data, Chatham Rescue Squad Inc appears to be a well-managed organization. It demonstrates consistent revenue generation, healthy asset growth from $712,789 in 2013 to $1,540,690 in 2022, and a notable commitment to its mission by reporting 0% officer compensation across all filings. These factors suggest strong financial health and a focus on program delivery.
How has Chatham Rescue Squad Inc's financial health changed over the last decade?
Over the last decade, Chatham Rescue Squad Inc has shown consistent financial growth. Its revenue has generally increased from $1,308,891 in 2013 to $1,866,163 in 2022, and its assets have more than doubled from $712,789 to $1,540,690 in the same period, indicating robust financial health and capacity building.
What is the trend in the organization's expenses?
The organization's expenses have generally increased in line with its revenue growth, from $1,295,082 in 2013 to $1,893,458 in 2022. While there was a slight operational deficit in 2022, expenses have largely been covered by revenues in most years, indicating stable operational management.
Filing History
IRS 990 filing history for Chatham Rescue Squad Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Chatham Rescue Squad Inc's revenue has grown by 80.3%, moving from $1.0M to $1.9M. Total assets increased by 132.3% over the same period, from $663K to $1.5M. Total functional expenses rose by 77.4%, from $1.1M to $1.9M. In its most recent filing year (2022), Chatham Rescue Squad Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $318K in liabilities against $1.5M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $1.9M | $1.9M | $1.5M | $318K | — | View 990 |
| 2021 | $1.9M | $1.7M | $1.6M | $310K | — | View 990 |
| 2020 | $2.0M | $1.7M | $1.4M | $329K | — | View 990 |
| 2019 | $1.8M | $1.7M | $1.1M | $315K | — | View 990 |
| 2018 | $1.5M | $1.6M | $970K | $304K | — | View 990 |
| 2017 | $1.6M | $1.4M | $1.0M | $288K | — | View 990 |
| 2016 | $1.5M | $1.4M | $868K | $289K | — | View 990 |
| 2015 | $1.5M | $1.4M | $812K | $274K | — | View 990 |
| 2014 | $1.6M | $1.6M | $728K | $274K | — | View 990 |
| 2013 | $1.3M | $1.3M | $713K | $284K | — | View 990 |
| 2012 | $1.3M | $1.2M | $709K | $294K | — | View 990 |
| 2011 | $1.0M | $1.1M | $663K | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue -1.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $1.6M (revenue -3.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $1.4M (revenue +7.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $1.1M (revenue +18.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $970K (revenue -4.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $1.0M (revenue +8.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $868K (revenue -4.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $812K (revenue -2.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $728K (revenue +20.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $713K (revenue +3.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $709K (revenue +21.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $663K.
Data Sources and Methodology
This transparency report for Chatham 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.