National Ambucs Inc

Analysis

National Ambucs Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, National Ambucs Inc reported income of $1.6m and spending of $1.3m, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.6m (+15%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Ambucs Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Pacific Northwest Tribal Lending a Community Development Financial ($1.6m), Minneapolis Regional Chamber Development Foundation ($1.6m) and Workforce Development Board of FLTN Montgomery & Schoharie Cnties Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $117k (9.1% of expenses). Other salaries and wages came to $296k. At year end it held assets of $6.7m against liabilities of $252k, net assets of $6.4m. It reported 10 employees.