Town of Hancock Volunteer Ambulance Corps Inc

Analysis

Town of Hancock Volunteer Ambulance Corps Inc is a registered charity in United States, based in Hancock, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Town of Hancock Volunteer Ambulance Corps Inc reported income of $647k and spending of $846k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $715k to $647k (-9.4%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Town of Hancock Volunteer Ambulance Corps Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Chicamacomico Banks Fire Department ($646k), Yadkinville Volunteer Fire Department Inc ($648k) and No 7 Township Fire and Rescue Dept of Craven County N C ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $115k (14% of expenses). Other salaries and wages came to $429k. At year end it held assets of $498k against liabilities of $60k, net assets of $437k. It reported 34 employees.