Haddam Volunteer Ambulance Service Inc

Analysis

Haddam Volunteer Ambulance Service Inc is a registered charity in United States, based in Higganum, CT. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Haddam Volunteer Ambulance Service Inc reported income of $567k and spending of $528k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $567k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haddam Volunteer Ambulance Service Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Leadership Palm Beach County Inc ($567k), The Etowah Scholarship Foundation Inc ($567k) and Tidal Waves Girls Fastpitch ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9,500 (1.8% of expenses). Other salaries and wages came to $306k. At year end it held assets of $262k against liabilities of $11k, net assets of $251k. It reported 29 employees.