Lambertville-New Hope Ambulance and Rescue Squad Inc

Analysis

Lambertville-New Hope Ambulance and Rescue Squad Inc is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in April 1973, 53 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, Lambertville-New Hope Ambulance and Rescue Squad Inc reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $920k to $1.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lambertville-New Hope Ambulance and Rescue Squad Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Illinois Cancercare Foundation ($1.5m), Good Friends Inc C O George Kaelin ($1.5m) and Nevada Public Health Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $63k (4.9% of expenses). Other salaries and wages came to $619k. At year end it held assets of $1.9m against liabilities of $11k, net assets of $1.9m. It reported 38 employees.