Hoboken Volunteer Ambulance Corp

Analysis

Hoboken Volunteer Ambulance Corp is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2023, Hoboken Volunteer Ambulance Corp reported income of $468k and spending of $315k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $468k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoboken Volunteer Ambulance Corp sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Teen Challenge of the Smokies Inc ($468k), Community Memorial Hospital Foundation Inc ($468k) and Ophelias Place Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $470k against liabilities of $76k, net assets of $394k.