The Westerly Ambulance Corps Inc

Analysis

The Westerly Ambulance Corps Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in May 1927, 99 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, The Westerly Ambulance Corps Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.7m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Westerly Ambulance Corps Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Northshire Day School Inc ($2.7m), Juel Fairbanks Aftercare Residence ($2.7m) and PLM Families Together Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.9m against liabilities of $122k, net assets of $3.8m. It reported 74 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.