East Midwood Volunteer Ambulance Corps Incorporated

Analysis

East Midwood Volunteer Ambulance Corps Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, East Midwood Volunteer Ambulance Corps Incorporated reported income of $169k and spending of $284k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $169k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Midwood Volunteer Ambulance Corps Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($169k), Mid County Youth Soccer Club ($169k) and Little League Baseball Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $259k against liabilities of $516k, net assets of -$257k.

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.