KB Ambulance Corps Inc

Analysis

KB Ambulance Corps Inc is a registered charity in United States, based in Danielson, CT. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2023, KB Ambulance Corps Inc reported income of $599k and spending of $609k, spending 102% of its income. Across the 6 years on record, from April 2019 to June 2023, income fell from $1.9m to $599k (-69%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, KB Ambulance Corps Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Advocacy Resource Coalition for People with Deve Disabilities ($599k), Fahy West C/O Goodale & Barbieri ($599k) and Wonderhaven ($599k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $22k (3.6% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.9m against liabilities of $368k, net assets of $1.6m.