Madison Volunteer Ambulance Corps

Analysis

Madison Volunteer Ambulance Corps is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in September 1971, 55 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, Madison Volunteer Ambulance Corps reported income of $253k and spending of $259k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $253k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Volunteer Ambulance Corps sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Westchester-Putnam School Boards Association ($253k), Water for Africa Through Everyday Responsiveness Inc ($253k) and West Covina Youth Soccer Corp ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $775k against liabilities of $103k, net assets of $672k.