Southern Madison County Volunteer Ambulance Corps Inc

Analysis

Southern Madison County Volunteer Ambulance Corps Inc is a registered charity in United States, based in Hamilton, NY. It received its IRS tax-exemption ruling in January 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, Southern Madison County Volunteer Ambulance Corps Inc reported income of $862k and spending of $893k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $609k to $862k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Madison County Volunteer Ambulance Corps Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Oregon State Capitol Foundation ($862k), Tampa Bay Academy Inc ($862k) and Traverse Bay Area Youth Soccer Inc ($862k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $525k. At year end it held assets of $572k against liabilities of $101k, net assets of $471k.