Broome Volunteer Emergency Squad Inc

Analysis

Broome Volunteer Emergency Squad Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, Broome Volunteer Emergency Squad Inc reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.2m to $1.9m (+54%), an average of +11% a year. The sharpest change came in the year to October 2023, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Broome Volunteer Emergency Squad Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include National Alliance Against Disparities in Patient Health ($1.9m), Almost4minds Logistics and Transportation Inc ($1.9m) and Direct Care Inc ($1.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $359k (22% of expenses). Other salaries and wages came to $495k. At year end it held assets of $1.2m against liabilities of $334k, net assets of $830k. It reported 40 employees.