Quick charity verification for Riverhead Volunteer Ambulance Corps Inc (EIN: 113396823)
Verdict: Riverhead Volunteer Ambulance Corps Inc appears trustworthy
92/100Mission Score
$2.2MRevenue
$2.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $833,922 in 2014 to $1,627,206 in 2023.
Strong asset accumulation, reaching $1,784,016 in 2023.
No reported officer compensation, indicating a volunteer-led and highly efficient executive structure.
Low liabilities relative to assets, suggesting strong financial stability and minimal risk.
Consistent operating surpluses in most years, demonstrating sound financial management.
Spending Breakdown
How Riverhead Volunteer Ambulance Corps Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Riverhead Volunteer Ambulance Corps Inc
Is Riverhead Volunteer Ambulance Corps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverhead Volunteer Ambulance Corps Inc (EIN: 113396823) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Riverhead Volunteer Ambulance Corps Inc a good charity to donate to?
Riverhead Volunteer Ambulance Corps Inc has a Mission Score of 92/100. Revenue: $2.2M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riverhead Volunteer Ambulance Corps Inc?
The Employer Identification Number (EIN) for Riverhead Volunteer Ambulance Corps Inc is 113396823. 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 Riverhead Volunteer Ambulance Corps Inc spend its money?
Riverhead Volunteer Ambulance Corps Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riverhead Volunteer Ambulance Corps Inc's tax-exempt status?
You can verify Riverhead Volunteer Ambulance Corps Inc's tax-exempt status using EIN 113396823 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
Riverhead Volunteer Ambulance Corps Inc demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, revenue has steadily increased from $833,922 in 2014 to $1,627,206 in 2023, with assets also showing a strong upward trend, reaching $1,784,016 in 2023. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses in most years, indicating sound financial management and sustainability. Liabilities remain very low relative to assets, suggesting minimal financial risk.
The organization's spending efficiency is commendable, with a significant portion of its expenses likely directed towards its core ambulance services, given its mission and the absence of reported officer compensation. The consistent growth in both revenue and assets, coupled with controlled expenses, points to an organization effectively managing its resources to fulfill its mission. The lack of reported officer compensation across all available filings suggests a volunteer-driven leadership model, which can contribute to higher program efficiency by reducing administrative overhead.
Transparency is generally good, with consistent IRS 990 filings available over a long period. The detailed financial data provided allows for a clear understanding of the organization's financial trajectory. The absence of officer compensation further enhances the perception of transparency and a focus on mission-related spending.