Wolcott Volunteer Ambulance Association Inc

Analysis

Wolcott Volunteer Ambulance Association Inc is a registered charity in United States, based in Wolcott, CT. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2024, Wolcott Volunteer Ambulance Association Inc reported income of $3.3m and spending of $3.4m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $3.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wolcott Volunteer Ambulance Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Western Area Volunteer Emergency Service Inc ($3.3m), Community Health for Asian Americans ($3.3m) and Brooklyn Hospital Radiology P C ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $784k (23% of expenses). Other salaries and wages came to $862k. At year end it held assets of $769k against liabilities of $393k, net assets of $377k. It reported 28 employees.