Ironbound Ambulance Squad Inc

Analysis

Ironbound Ambulance Squad Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 1953, 73 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Ironbound Ambulance Squad Inc reported income of $129k and spending of $81k, leaving 37% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $503k to $129k (-74%), an average of -36% a year. The sharpest change came in the year to March 2023, when income rose by 103%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ironbound Ambulance Squad Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Old Blanco County Courthouse Preservation Society ($129k), Special Needs Vision Clinic ($129k) and San Marcos High School Royal Band Boosters ($129k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 14% of the total. Other salaries and wages came to $26k. At year end it held assets of $127k against liabilities of $0, net assets of $127k. It reported 1 employees.