Waterford Ambulance Service Inc

Analysis

Waterford Ambulance Service Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in April 1988, 38 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 2024, Waterford Ambulance Service Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterford Ambulance Service Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Jazz Forum Arts Incorporated ($1.6m), Pike Road Volunteer Fire Protection ($1.6m) and Spring Back Colorado Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $236k (15% of expenses). Other salaries and wages came to $521k. At year end it held assets of $2.3m against liabilities of $451k, net assets of $1.8m. It reported 64 employees.