Madison Ambulance Association Inc

Analysis

Madison Ambulance Association Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in February 1990, 36 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 2023, Madison Ambulance Association Inc reported income of $2.5m and spending of $2.4m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.5m (+50%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madison Ambulance Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Community Ambulance Association of Ambler ($2.5m), Feeding Matters Inc ($2.5m) and Livingstone Community Development Corporation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $956k against liabilities of $59k, net assets of $896k. It reported 37 employees.