Mad River Valley Ambulance Service Inc

Analysis

Mad River Valley Ambulance Service Inc is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mad River Valley Ambulance Service Inc reported income of $431k and spending of $465k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $431k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mad River Valley Ambulance Service Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 62nd percentile within VT. Charities of a similar size with the same main cause include Sweetwater Mission Inc ($431k), New Hope Crisis Pregnancy Center ($431k) and Senior Citizens of Christian County Transportation Fund ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1,569 (0.3% of expenses). Other salaries and wages came to $55k. At year end it held assets of $1.5m against liabilities of $3,088, net assets of $1.5m. It reported 2 employees.