Old Forge Volunteer Ambulance Corps Inc

Analysis

Old Forge Volunteer Ambulance Corps Inc is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in January 2007, 19 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, Old Forge Volunteer Ambulance Corps Inc reported income of $765k and spending of $468k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $765k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 80% 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, Old Forge Volunteer Ambulance Corps Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Harkers Island Fire & Rescue Department Inc ($765k), Walker Township Fire Company ($765k) and National Association to Protect Children-Education Fund Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 71% of the total. It paid $4,198 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $106k, net assets of $1.2m.