Verde Valley Ambulance Co Inc

Analysis

Verde Valley Ambulance Co Inc is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in August 1972, 54 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, Verde Valley Ambulance Co Inc reported income of $3.7m and spending of $3.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Verde Valley Ambulance Co Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Ronald McDonald House Southeastern MN & Western Wi ($3.7m), Thomas Irvine Dodge Foundation ($3.7m) and Faith Ministries Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $90k (2.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $80k, net assets of $4.4m. It reported 50 employees.