Gowanda Ambulance Service Corp

Analysis

Gowanda Ambulance Service Corp is a registered charity in United States, based in Gowanda, NY. It received its IRS tax-exemption ruling in March 1990, 36 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, Gowanda Ambulance Service Corp reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gowanda Ambulance Service Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Dogs for Our Brave Inc ($1.3m), Lincoln Theatre Association ($1.3m) and Southeastern Regional Action Council on Substance Abuse Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $78k (6.5% of expenses). Other salaries and wages came to $616k. At year end it held assets of $1.2m against liabilities of $151k, net assets of $1.1m. It reported 37 employees.