Palmyra Ambulance Association of Palmyra NJ

Analysis

Palmyra Ambulance Association of Palmyra NJ is a registered charity in United States, based in Palmyra, NJ. It received its IRS tax-exemption ruling in October 1981, 45 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, Palmyra Ambulance Association of Palmyra NJ reported income of $952k and spending of $858k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $952k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmyra Ambulance Association of Palmyra NJ sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Meals on Wheels of Palestine Inc ($952k), Gear Research Institute ($953k) and St Jude Housing Corporation ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $8,244 (1.0% of expenses). Other salaries and wages came to $415k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 35 employees.