Naugatuck Ambulance Inc

Analysis

Naugatuck Ambulance Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Naugatuck Ambulance Inc reported income of $2.1m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $2.1m (+103%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 97% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Naugatuck Ambulance Inc sits at the 96th percentile: it is larger than about 96% 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 Central Louisiana Economic Development Alliance ($2.1m), Vigilant Hose Co of Emmitsburg ($2.1m) and Alvin S Mintzes Hatzalah of Baltimore Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $185k (8.9% of expenses). Other salaries and wages came to $795k. At year end it held assets of $744k against liabilities of $126k, net assets of $618k. It reported 45 employees.