Souhegan Valley Ambulance Service Inc

Analysis

Souhegan Valley Ambulance Service Inc is a registered charity in United States, based in New Ipswich, NH. It received its IRS tax-exemption ruling in June 1991, 35 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 2023, Souhegan Valley Ambulance Service Inc reported income of $474k and spending of $478k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $474k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Souhegan Valley Ambulance Service Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within NH. Charities of a similar size with the same main cause include Asppire ($474k), Make Them Know Your Name Foundation ($474k) and Esophageal Cancer Action Network Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $127k (26% of expenses). Other salaries and wages came to $125k. At year end it held assets of $566k against liabilities of $277k, net assets of $290k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.