Mystic River Ambulance Association Inc

Analysis

Mystic River Ambulance Association Inc is a registered charity in United States, based in Mystic, CT. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2024, Mystic River Ambulance Association Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $844k to $1.2m (+46%), an average of +7.8% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mystic River Ambulance Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Greater Texoma Health Clinic ($1.2m), Autism Science Foundation ($1.2m) and Adult and Teen Challenge of New Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $435k. At year end it held assets of $855k against liabilities of $55k, net assets of $800k. It reported 14 employees.