Waterbury Ambulance Service Inc

Analysis

Waterbury Ambulance Service Inc is a registered charity in United States, based in Waterbury, VT. It received its IRS tax-exemption ruling in October 1985, 41 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 2022, Waterbury Ambulance Service Inc reported income of $4.5m and spending of $2.8m, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $316k to $4.5m (+1325%), an average of +142% a year. The sharpest change came in the year to December 2021, when income rose by 322%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waterbury Ambulance Service Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Lenox Otolaryngology Head & Necksurgery PC ($4.5m), The Renaissance ($4.5m) and Mid Rogue Imaging Center ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $320k (11% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m. It reported 200 employees.