Phelps Ambulance Inc

Analysis

Phelps Ambulance Inc is a registered charity in United States, based in Phelps, NY. It received its IRS tax-exemption ruling in February 2005, 21 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, Phelps Ambulance Inc reported income of $303k and spending of $369k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $303k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 116% 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, Phelps Ambulance Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Churchtown Fire Co No 1 ($303k), Ellerslie Volunteer Fire Company Inc ($303k) and Worthington West Franklin Volunteer Fire Department ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $62k (17% of expenses). Other salaries and wages came to $162k. At year end it held assets of $41k against liabilities of $0, net assets of $41k. It reported 10 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.