Newport Ambulance Service Inc

Analysis

Newport Ambulance Service Inc is a registered charity in United States, based in Newport, VT. It received its IRS tax-exemption ruling in March 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newport Ambulance Service Inc reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.8m (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Ambulance Service Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Child Management Associates Inc ($4.8m), Research Development Foundation ($4.8m) and All Souls School ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $126k (2.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.6m against liabilities of $709k, net assets of $2.9m. It reported 85 employees.