New Milford Community Ambulance Corp

Analysis

New Milford Community Ambulance Corp is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in April 1994, 32 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, New Milford Community Ambulance Corp reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $2.1m (+107%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Community Ambulance Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Several Sources Shelters Inc ($2.1m), Tonka United Soccer Association Inc ($2.1m) and O L L Education Services ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.