East Lyme Ambulance Fund Inc

Analysis

East Lyme Ambulance Fund Inc is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, East Lyme Ambulance Fund Inc reported income of $1.1m and spending of $953k, spending 87% of its income. Across the 6 years on record, from April 2019 to June 2023, income grew from $853k to $1.1m (+28%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 404%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, East Lyme Ambulance Fund Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Link Counseling Center Inc ($1.1m), Lilys Place ($1.1m) and Lotus Recovery Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. At year end it held assets of $2.7m against liabilities of $358k, net assets of $2.3m.