Closter Volunteer Ambulance and Rescue Corps Inc

Analysis

Closter Volunteer Ambulance and Rescue Corps Inc is a registered charity in United States, based in Closter, NJ. It received its IRS tax-exemption ruling in February 1973, 53 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, Closter Volunteer Ambulance and Rescue Corps Inc reported income of $135k and spending of $147k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $135k (+27%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Closter Volunteer Ambulance and Rescue 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 45th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($135k), Issa International Ltd ($135k) and Neptune Steam Fire Company No I ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $663k against liabilities of $5,440, net assets of $658k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.