Magnolia Ambulance Corps Incorporated

Analysis

Magnolia Ambulance Corps Incorporated is a registered charity in United States, based in Magnolia, NJ. It received its IRS tax-exemption ruling in August 1965, 61 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, Magnolia Ambulance Corps Incorporated reported income of $737k and spending of $629k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $737k (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Magnolia Ambulance Corps Incorporated 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 79th percentile within NJ. Charities of a similar size with the same main cause include Oak Hill Inc ($737k), Highland House Inc ($737k) and Madison Riverfront Development Corporation ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 88% of the total. At year end it held assets of $359k against liabilities of $0, net assets of $359k.