Prospect Volunteer Ambulance Inc

Analysis

Prospect Volunteer Ambulance Inc is a registered charity in United States, based in Remsen, NY. It received its IRS tax-exemption ruling in November 2016, 10 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 (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, Prospect Volunteer Ambulance Inc reported income of $670k and spending of $647k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $670k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% 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, Prospect Volunteer Ambulance Inc sits at the 88th percentile: it is larger than about 88% 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 Monroeville Vol Fire Company No 5 & Relief Assn of Monroeville Pa ($669k), Newark Volunteer Fire Company ($671k) and Peanut Proud Inc ($669k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $414k. At year end it held assets of $192k against liabilities of $49k, net assets of $144k. It reported 30 employees.