North Canaan Volunteer Ambulance Corp

Analysis

North Canaan Volunteer Ambulance Corp is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Canaan Volunteer Ambulance Corp reported income of $693k and spending of $736k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $693k (+18%), an average of +4.2% a year. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Canaan Volunteer Ambulance Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Fairview Counseling ($693k), Pregnancy Resource Clinic of North Penn ($694k) and Maryland Citizens Health Initiative Education Fund Inc ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $347k. At year end it held assets of $697k against liabilities of $80k, net assets of $617k. It reported 18 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.