Storm Engine Company Ambulance Corps

Analysis

Storm Engine Company Ambulance Corps is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in January 1966, 60 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, Storm Engine Company Ambulance Corps reported income of $1.1m and spending of $651k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $1.1m (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Storm Engine Company Ambulance Corps 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 National Kidney Foundation of Utah & Idaho ($1.1m), Scotland Memorial Foundation Inc ($1.1m) and North Country Healthy Heart Network Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $27k. At year end it held assets of $614k against liabilities of $32, net assets of $614k. It reported 17 employees.