Is Exchange Ambulance Corporation Of The Islips Legit?
Quick charity verification for Exchange Ambulance Corporation Of The Islips (EIN: 112567320)
Verdict: Exchange Ambulance Corporation Of The Islips appears trustworthy
90/100Mission Score
$4.2MRevenue
$3.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $1,070,874 in 2014 to $2,836,549 in 2023.
Healthy financial surpluses, such as $237,737 in 2023, indicating sound financial management.
Significant growth in assets, from $714,902 in 2014 to $2,830,729 in 2023, enhancing long-term capacity.
No reported officer compensation across all filings, demonstrating a volunteer-led and highly efficient leadership structure.
Low liability-to-asset ratio, indicating a strong balance sheet and low financial risk.
Spending Breakdown
How Exchange Ambulance Corporation Of The Islips allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Exchange Ambulance Corporation Of The Islips
Is Exchange Ambulance Corporation Of The Islips a legitimate charity?
Based on AI analysis of IRS 990 filings, Exchange Ambulance Corporation Of The Islips (EIN: 112567320) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Exchange Ambulance Corporation Of The Islips a good charity to donate to?
Exchange Ambulance Corporation Of The Islips has a Mission Score of 90/100. Revenue: $4.2M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Exchange Ambulance Corporation Of The Islips?
The Employer Identification Number (EIN) for Exchange Ambulance Corporation Of The Islips is 112567320. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Exchange Ambulance Corporation Of The Islips spend its money?
Exchange Ambulance Corporation Of The Islips allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Exchange Ambulance Corporation Of The Islips's tax-exempt status?
You can verify Exchange Ambulance Corporation Of The Islips's tax-exempt status using EIN 112567320 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Exchange Ambulance Corporation Of The Islips demonstrates a strong and consistent financial growth trajectory over the past decade, with revenue increasing from $1,070,874 in 2014 to $2,836,549 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenues of $2,836,549 exceeded expenses of $2,598,812, indicating sound financial management. Their asset base has also grown significantly, from $714,902 in 2014 to $2,830,729 in 2023, suggesting reinvestment in their operational capacity. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership structure, which is a positive sign for donor confidence and efficient use of funds.
The organization's spending efficiency appears robust, with expenses generally well-managed relative to revenue. While specific program spending percentages are not detailed in the provided data, the consistent surpluses and growth in assets suggest that the majority of funds are likely directed towards their mission. The low liability-to-asset ratio, such as $687,001 in liabilities against $2,830,729 in assets in 2023, indicates a healthy balance sheet and low financial risk. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.
Overall, Exchange Ambulance Corporation Of The Islips appears to be a financially healthy and well-managed nonprofit. Their sustained growth, prudent financial management resulting in consistent surpluses, and the absence of executive compensation contribute to a positive assessment of their financial health and operational efficiency. The increasing asset base further strengthens their long-term sustainability and capacity to serve the community.