Groton Ambulance Assoc Inc

Analysis

Groton Ambulance Assoc Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in January 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Groton Ambulance Assoc Inc reported income of $2.9m and spending of $2.5m, spending 86% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.1m to $2.9m (+36%), an average of +7.9% a year. The sharpest change came in the year to April 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Groton Ambulance Assoc Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include The Skylands Center Offering Autism Programs ($2.9m), Milk Bank Inc ($2.9m) and Wisconsin Collabortive Healthcare Quality Inc ($2.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $465k (19% of expenses). Other salaries and wages came to $757k. At year end it held assets of $1.2m against liabilities of $32k, net assets of $1.2m. It reported 31 employees.