Hopatcong Ambulance Service Inc

Analysis

Hopatcong Ambulance Service Inc is a registered charity in United States, based in Hopatcong, NJ. It received its IRS tax-exemption ruling in October 1966, 60 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 December 2023, Hopatcong Ambulance Service Inc reported income of $407k and spending of $363k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $407k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopatcong Ambulance Service Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Vital Options ($407k), Tri City Channel Cats Parents Association ($407k) and Rainbow Montessori School ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Other salaries and wages came to $177k. At year end it held assets of $500k against liabilities of $0, net assets of $500k. It reported 15 employees.