Exchange Ambulance Corporation of the Islips

Analysis

Exchange Ambulance Corporation of the Islips is a registered charity in United States, based in East Islip, NY. It received its IRS tax-exemption ruling in January 1984, 42 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, Exchange Ambulance Corporation of the Islips reported income of $2.8m and spending of $2.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.8m (+133%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Exchange Ambulance Corporation of the Islips sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Pee Dee Healthy Start Inc ($2.8m), Easter Seals North Texas Inc ($2.8m) and RMHC Ctma ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Other salaries and wages came to $762k. At year end it held assets of $2.8m against liabilities of $687k, net assets of $2.1m. It reported 49 employees.