Southbury Ambulance Association Inc

Analysis

Southbury Ambulance Association Inc is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, Southbury Ambulance Association Inc reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southbury Ambulance Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Trinity Free Clinic Inc ($1.5m), Lymphatic Education & Research Network Inc Le&rn ($1.5m) and Marys Place by the Sea Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.7m against liabilities of $161k, net assets of $1.6m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.