Old Saybrook Ambulance Association Inc

Analysis

Old Saybrook Ambulance Association Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in June 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Old Saybrook Ambulance Association Inc reported income of $1.3m and spending of $666k, leaving 50% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $752k to $1.3m (+76%), an average of +21% a year. The sharpest change came in the year to April 2023, when income rose by 74%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Old Saybrook Ambulance Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Foundation for Rare Disease Research Inc ($1.3m), The Prevention Council of Erie County Inc ($1.3m) and Resilient Retreat Inc ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 3.6% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). Other salaries and wages came to $193k. At year end it held assets of $3.4m against liabilities of $31k, net assets of $3.4m. It reported 30 employees.