Stonington Volunteer Ambulance Corp Inc

Analysis

Stonington Volunteer Ambulance Corp Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in October 1978, 48 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 June 2024, Stonington Volunteer Ambulance Corp Inc reported income of $336k and spending of $327k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $249k to $336k (+35%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stonington Volunteer Ambulance Corp Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Metro Youth Football Association Inc ($336k), Alabama Power Service Organization Inc ($336k) and Richland Voluntary Council on Aging Inc ($335k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 52% of the total. At year end it held assets of $827k against liabilities of $61k, net assets of $766k.