Franklin Lakes Volunteer Ambulance Corps Inc

Analysis

Franklin Lakes Volunteer Ambulance Corps Inc is a registered charity in United States, based in Franklin LKS, NJ. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Franklin Lakes Volunteer Ambulance Corps Inc reported income of $241k and spending of $347k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $241k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Franklin Lakes Volunteer Ambulance Corps Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Methodist Medical Center Foundation ($241k), Small Miracles Therapeutic Equestrian Center Inc ($241k) and Freedom House for the Carolinas Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.