Seymour Ambulance Assoc Inc

Analysis

Seymour Ambulance Assoc Inc is a registered charity in United States, based in Seymour, CT. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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 April 2023, Seymour Ambulance Assoc Inc reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $1.0m to $1.2m (+16%), an average of +5.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seymour Ambulance Assoc Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Felix Y Manalo Foundation Inc ($1.2m), Island Elderly Housing Inc ($1.2m) and Capital District Center for Independence Inc ($1.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $118k (9.5% of expenses). Other salaries and wages came to $375k. At year end it held assets of $752k against liabilities of $258k, net assets of $494k. It reported 47 employees.