Carmel Volunteer Ambulance Corporation

Analysis

Carmel Volunteer Ambulance Corporation is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in January 1969, 57 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 June 2022, Carmel Volunteer Ambulance Corporation reported income of $548k and spending of $516k, spending 94% of its income. Across the 3 years on record, from June 2019 to June 2022, income grew from $507k to $548k (+8.0%), an average of +3.9% a year. 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, Carmel Volunteer Ambulance Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Literacy Together ($548k), Brentwood Pony Baseball ($548k) and Fergus Falls Hockey Association ($547k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $1.1m against liabilities of $69k, net assets of $1.1m.