Parsippany Volunteer Ambulance Inc

Analysis

Parsippany Volunteer Ambulance Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in November 1983, 43 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, Parsippany Volunteer Ambulance Inc reported income of $121k and spending of $174k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $121k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. 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, Parsippany Volunteer Ambulance Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Valley Symphony Association ($121k), Par - Professionals Advocates Resources ($121k) and Camp Fire USA ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $422k against liabilities of $0, net assets of $422k.