Key Largo Volunteer Ambulance Corp Inc

Analysis

Key Largo Volunteer Ambulance Corp Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in November 1998, 28 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, Key Largo Volunteer Ambulance Corp Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $608k to $1.1m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 101% 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, Key Largo Volunteer Ambulance Corp Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include South Windsor Volunteer Fire Department Inc ($1.1m), Eastover Volunteer Fire Dept ($1.1m) and Live Oak Manor Volunteer Fire Co Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $42k (3.7% of expenses). Other salaries and wages came to $913k. At year end it held assets of $742k against liabilities of $28, net assets of $742k. It reported 42 employees.