Lake Placid Volunteer Ambulance Service Inc

Analysis

Lake Placid Volunteer Ambulance Service Inc is a registered charity in United States, based in Lake Placid, NY. It received its IRS tax-exemption ruling in December 1976, 50 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, Lake Placid Volunteer Ambulance Service Inc reported income of $792k and spending of $833k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $792k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Placid Volunteer Ambulance Service Inc 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 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($792k), Community Senior Service Center Inc ($792k) and American Medical Society for Sports Medicine Foundation Inc ($792k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Other salaries and wages came to $428k. At year end it held assets of $773k against liabilities of $65k, net assets of $709k. It reported 31 employees.