Ashaway Ambulance Association Inc

Analysis

Ashaway Ambulance Association Inc is a registered charity in United States, based in Ashaway, RI. It received its IRS tax-exemption ruling in December 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashaway Ambulance Association Inc reported income of $517k and spending of $358k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $517k (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashaway Ambulance Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include FC Carolinas ($517k), Next Prep Kids Inc ($517k) and Mo Hock Ke Lock Bo Mun Lun School ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $56k (16% of expenses). Other salaries and wages came to $102k. At year end it held assets of $530k against liabilities of $363k, net assets of $166k. It reported 14 employees.