Skaneateles Ambulance Volunteer Emergency Service Inc

Analysis

Skaneateles Ambulance Volunteer Emergency Service Inc is a registered charity in United States, based in Skaneateles, NY. It received its IRS tax-exemption ruling in April 1968, 58 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, Skaneateles Ambulance Volunteer Emergency Service Inc reported income of $885k and spending of $940k, spending 106% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $632k to $885k (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 407%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skaneateles Ambulance Volunteer Emergency Service Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Federal Funds Information for States Incorporated ($885k), Volunteer Healthcare Clinic Inc ($886k) and Branford Early Learning Center Inc ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 88% of the total. Other salaries and wages came to $537k. At year end it held assets of $1.5m against liabilities of $80k, net assets of $1.4m. It reported 51 employees.

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.