Indian Lake Volunteer Ambulance Corp Inc

Analysis

Indian Lake Volunteer Ambulance Corp Inc is a registered charity in United States, based in Indian Lake, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Indian Lake Volunteer Ambulance Corp Inc reported income of $717k and spending of $669k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $717k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Indian Lake Volunteer Ambulance Corp Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Fryeburg Rescue Association ($717k), West Iredell Volunteer Fire Department Incorporated ($718k) and North Lenoir Fire Protection Associnc ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $77k (12% of expenses). At year end it held assets of $734k against liabilities of $1,653, net assets of $733k. It reported 19 employees.