Simsbury Volunteer Ambulance Association Inc

Analysis

Simsbury Volunteer Ambulance Association Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in March 1960, 66 years ago. 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 December 2023, Simsbury Volunteer Ambulance Association Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.5m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simsbury Volunteer Ambulance Association Inc sits at the 82nd percentile: it is larger than about 82% 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 Fast Friends ($1.5m), Ignite Volleyball Club and Foundation Inc ($1.5m) and National Association of Power Engineers Educational FNDTN Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $135k (9.0% of expenses). Other salaries and wages came to $759k. At year end it held assets of $1.2m against liabilities of $318k, net assets of $900k. It reported 26 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.