South Orange Rescue Squad Inc
South Orange Rescue Squad Inc. shows consistent revenue growth and zero officer compensation, maintaining a strong financial position.
EIN: 201083061 · Carrboro, NC · NTEE: M20 · Updated: 2026-03-28
Is South Orange 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 →
South Orange Rescue Squad Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Orange Rescue Squad Inc
South Orange Rescue Squad Inc (EIN: 201083061) is a nonprofit organization based in Carrboro, NC, classified under NTEE code M20. The organization reported total revenue of $434K and total assets of $786K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Orange Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Orange Rescue Squad Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $538K |
| Total Expenses | $375K |
| Surplus / Deficit | +$163K |
| Total Assets | $680K |
| Total Liabilities | $14K |
| Net Assets | $666K |
| Operating Margin | 30.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, South Orange Rescue Squad Inc reported a surplus of $163K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Orange Rescue Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.7% | +42.1% | +0.3% |
| 2022 | +20.5% | +18.0% | +42.0% |
| 2021 | -4.1% | -27.8% | +5.5% |
| 2020 | +18.0% | -2.0% | -9.3% |
| 2019 | +25.3% | +28.7% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 South Orange 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, South Orange Rescue Squad Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $163K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly commendable and suggests that all funds are directed towards operational expenses and mission-related activities, rather than executive salaries.
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 South Orange Rescue Squad Inc:
- Consistent revenue growth, with 202306 revenue at $537,883, significantly higher than previous years.
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Healthy asset growth, reaching $679,918 in 202306, providing financial stability.
- Significant reduction in liabilities, from $148,704 in 202006 to $13,900 in 202306, demonstrating strong financial management.
- Long and consistent IRS 990 filing history, indicating strong transparency and compliance.
Frequently Asked Questions about South Orange Rescue Squad Inc
Is South Orange Rescue Squad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Orange Rescue Squad Inc (EIN: 201083061) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does South Orange Rescue Squad Inc spend its money?
South Orange Rescue Squad Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Orange Rescue Squad Inc tax-deductible?
South Orange Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 201083061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is South Orange Rescue Squad Inc. a good charity?
Based on the available data, South Orange Rescue Squad Inc. appears to be a very good charity. They demonstrate strong financial health with growing revenues and assets, minimal liabilities, and a commendable practice of zero officer compensation, ensuring funds are maximized for their mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $198,410 in 201806 to $537,883 in 202306, and assets have increased from $396,102 to $679,918 in the same period. Liabilities have also been substantially reduced, indicating better financial management.
What is the trend in their expenses?
Expenses have generally increased in line with revenue growth, from $245,641 in 201806 to $374,772 in 202306. However, in recent years, revenue growth has outpaced expense growth, leading to positive operating surpluses.
Filing History
IRS 990 filing history for South Orange Rescue Squad Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Orange Rescue Squad Inc's revenue has grown by 100.2%, moving from $269K to $538K. Total assets increased by 31.3% over the same period, from $518K to $680K. Total functional expenses rose by 57.9%, from $237K to $375K. In its most recent filing year (2023), South Orange Rescue Squad Inc reported a surplus of $163K, with revenue exceeding expenses. The organization holds $14K in liabilities against $680K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $666K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $538K | $375K | $680K | $14K | — | — |
| 2022 | $339K | $264K | $678K | $91K | — | View 990 |
| 2021 | $281K | $224K | $478K | $118K | — | View 990 |
| 2020 | $293K | $310K | $453K | $149K | — | View 990 |
| 2019 | $249K | $316K | $499K | $179K | — | View 990 |
| 2018 | $198K | $246K | $396K | $8K | — | View 990 |
| 2017 | $340K | $345K | $475K | $40K | — | View 990 |
| 2016 | $254K | $387K | $566K | $92K | — | — |
| 2015 | $303K | $287K | $711K | $104K | — | View 990 |
| 2014 | $322K | $295K | $596K | $6K | — | View 990 |
| 2013 | $177K | $116K | $563K | $0 | — | View 990 |
| 2012 | $249K | $264K | $503K | $0 | — | View 990 |
| 2011 | $269K | $237K | $518K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $538K, expenses of $375K, and assets of $680K (revenue +58.7% year-over-year).
- 2022: Revenue of $339K, expenses of $264K, and assets of $678K (revenue +20.5% year-over-year).
- 2021: Revenue of $281K, expenses of $224K, and assets of $478K (revenue -4.1% year-over-year).
- 2020: Revenue of $293K, expenses of $310K, and assets of $453K (revenue +18.0% year-over-year).
- 2019: Revenue of $249K, expenses of $316K, and assets of $499K (revenue +25.3% year-over-year).
- 2018: Revenue of $198K, expenses of $246K, and assets of $396K (revenue -41.6% year-over-year).
- 2017: Revenue of $340K, expenses of $345K, and assets of $475K (revenue +33.6% year-over-year).
- 2016: Revenue of $254K, expenses of $387K, and assets of $566K (revenue -16.2% year-over-year).
- 2015: Revenue of $303K, expenses of $287K, and assets of $711K (revenue -5.9% year-over-year).
- 2014: Revenue of $322K, expenses of $295K, and assets of $596K (revenue +82.4% year-over-year).
- 2013: Revenue of $177K, expenses of $116K, and assets of $563K (revenue -29.1% year-over-year).
- 2012: Revenue of $249K, expenses of $264K, and assets of $503K (revenue -7.2% year-over-year).
- 2011: Revenue of $269K, expenses of $237K, and assets of $518K.
Data Sources and Methodology
This transparency report for South Orange 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.