Chenango Ambulance Services Inc

Analysis

Chenango Ambulance Services Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Chenango Ambulance Services Inc reported income of $639k and spending of $490k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $639k (+104%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Chenango Ambulance Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Vienna Volunteer Fire Department ($638k), Green Valley Volunteer Fire Dept Inc ($640k) and Friends of Firefighters Inc ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $143k. At year end it held assets of $1.1m against liabilities of $722k, net assets of $348k.