Maiden Rescue Squad Inc
EIN: 566096005 · Maiden, NC
Is Maiden Rescue Squad Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maiden Rescue Squad Inc
Maiden Rescue Squad Inc (EIN: 566096005) is a nonprofit organization based in Maiden, NC. The organization reported total revenue of $654K and total assets of $474K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maiden Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maiden Rescue Squad Inc is a small nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $575K |
| Total Expenses | $650K |
| Surplus / Deficit | $-75,718 |
| Total Assets | $568K |
| Total Liabilities | $568K |
| Net Assets | $0 |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 10.5 months |
Financial Health Grade: C
In 2024, Maiden Rescue Squad Inc reported a deficit of $76K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Maiden Rescue Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.3% | +48.5% | -13.3% |
| 2023 | +39.7% | +16.5% | +16.1% |
| 2022 | +4.5% | -2.0% | +8.9% |
| 2021 | +10.2% | +27.3% | -1.2% |
| 2020 | -3.7% | -16.7% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maiden Rescue Squad Inc 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 Maiden Rescue Squad Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Maiden Rescue Squad Inc
Is Maiden Rescue Squad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maiden Rescue Squad Inc (EIN: 566096005) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maiden Rescue Squad Inc spend its money?
Detailed spending breakdown data is not yet available for Maiden Rescue Squad Inc. Check back for updated IRS 990 analysis.
Are donations to Maiden Rescue Squad Inc tax-deductible?
Maiden Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 566096005). 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 Maiden Rescue Squad Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Maiden Rescue Squad Inc's revenue has grown by 341.5%, moving from $130K to $575K. Total assets increased by 82.5% over the same period, from $311K to $568K. Total functional expenses rose by 333.9%, from $150K to $650K. In its most recent filing year (2024), Maiden Rescue Squad Inc reported a deficit of $76K, with expenses exceeding revenue. The organization holds $568K in liabilities against $568K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $575K | $650K | $568K | $568K | — | — |
| 2023 | $551K | $438K | $655K | $655K | — | View 990 |
| 2022 | $395K | $376K | $564K | $564K | — | View 990 |
| 2021 | $377K | $383K | $518K | $518K | — | — |
| 2020 | $342K | $301K | $524K | $524K | — | View 990 |
| 2019 | $356K | $361K | $509K | $509K | — | View 990 |
| 2018 | $151K | $207K | $489K | $489K | — | View 990 |
| 2017 | $140K | $116K | $474K | $474K | — | View 990 |
| 2016 | $165K | $147K | $451K | $451K | — | View 990 |
| 2015 | $172K | $137K | $382K | $382K | — | View 990 |
| 2014 | $149K | $146K | $348K | $348K | — | View 990 |
| 2013 | $168K | $148K | $344K | $344K | — | View 990 |
| 2012 | $142K | $115K | $318K | $318K | — | View 990 |
| 2011 | $130K | $150K | $311K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $575K, expenses of $650K, and assets of $568K (revenue +4.3% year-over-year).
- 2023: Revenue of $551K, expenses of $438K, and assets of $655K (revenue +39.7% year-over-year).
- 2022: Revenue of $395K, expenses of $376K, and assets of $564K (revenue +4.5% year-over-year).
- 2021: Revenue of $377K, expenses of $383K, and assets of $518K (revenue +10.2% year-over-year).
- 2020: Revenue of $342K, expenses of $301K, and assets of $524K (revenue -3.7% year-over-year).
- 2019: Revenue of $356K, expenses of $361K, and assets of $509K (revenue +135.0% year-over-year).
- 2018: Revenue of $151K, expenses of $207K, and assets of $489K (revenue +8.0% year-over-year).
- 2017: Revenue of $140K, expenses of $116K, and assets of $474K (revenue -14.8% year-over-year).
- 2016: Revenue of $165K, expenses of $147K, and assets of $451K (revenue -4.3% year-over-year).
- 2015: Revenue of $172K, expenses of $137K, and assets of $382K (revenue +15.1% year-over-year).
- 2014: Revenue of $149K, expenses of $146K, and assets of $348K (revenue -11.3% year-over-year).
- 2013: Revenue of $168K, expenses of $148K, and assets of $344K (revenue +18.7% year-over-year).
- 2012: Revenue of $142K, expenses of $115K, and assets of $318K (revenue +8.9% year-over-year).
- 2011: Revenue of $130K, expenses of $150K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maiden Rescue Squad Inc:
Data Sources and Methodology
This transparency report for Maiden 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.