Old Lyme South End Volunteer Ambulance Associatin Inc

Analysis

Old Lyme South End Volunteer Ambulance Associatin Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in June 1987, 39 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, Old Lyme South End Volunteer Ambulance Associatin Inc reported income of $741k and spending of $391k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $741k (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Lyme South End Volunteer Ambulance Associatin Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include The Bryce Harlow Foundation ($741k), Resurrection Life Ministry Inc ($741k) and Mission Viejo Christian School ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $25k (6.5% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 17 employees.