Hope Valley Ambulance Squad Inc

Analysis

Hope Valley Ambulance Squad Inc is a registered charity in United States, based in Hope Valley, RI. It received its IRS tax-exemption ruling in May 1975, 51 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, Hope Valley Ambulance Squad Inc reported income of $727k and spending of $780k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $643k to $727k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Valley Ambulance Squad Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Good Neighbor Free Medical Clinic ($727k), Foundation for the New England Medical Innovation Center ($727k) and Willowbend Farms Inc ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $394k. At year end it held assets of $1.1m against liabilities of $419k, net assets of $639k. 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.