Cato Ira Meridian Victory Ambulance Corps Inc

Analysis

Cato Ira Meridian Victory Ambulance Corps Inc is a registered charity in United States, based in Cato, NY. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Cato Ira Meridian Victory Ambulance Corps Inc reported income of $319k and spending of $366k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $319k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cato Ira Meridian Victory Ambulance Corps Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Sherrys Hope Inc ($319k), New England Parkinsons Ride ($319k) and Better Life Counseling Center Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $158k (43% of expenses). Other salaries and wages came to $15k. At year end it held assets of $547k against liabilities of $384, net assets of $546k. It reported 5 employees.