Cattaraugus Area Ambulance Service Inc

Analysis

Cattaraugus Area Ambulance Service Inc is a registered charity in United States, based in Cattaraugus, NY. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Cattaraugus Area Ambulance Service Inc reported income of $72k and spending of $76k, spending 105% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $217k to $72k (-67%), an average of -24% a year. The sharpest change came in the year to March 2021, when income dropped by 57%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cattaraugus Area Ambulance Service Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($72k), PTA California Congress of Parents Teachers & Students Inc ($72k) and Womans Exchange of West Chester ($72k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 20% and program service revenue 54% of the total. At year end it held assets of $391k against liabilities of $100k, net assets of $291k.

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.