Franklin Lakes Volunteer Ambulance Corps Inc
EIN: 226089554 · Franklin Lks, NJ · NTEE: E63Z
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $347K |
| Net Assets | $1.1M |
Is Franklin Lakes Volunteer Ambulance Corps Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franklin Lakes Volunteer Ambulance Corps Inc
Franklin Lakes Volunteer Ambulance Corps Inc (EIN: 226089554) is a nonprofit organization based in Franklin Lks, NJ, classified under NTEE code E63Z. The organization reported total revenue of $210K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Lakes Volunteer Ambulance Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Lakes Volunteer Ambulance Corps Inc is a small nonprofit that has been operating for 59 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $347K |
| Surplus / Deficit | $-106,028 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -44.0% |
| Months of Reserves | 39.5 months |
Financial Health Grade: B
In 2023, Franklin Lakes Volunteer Ambulance Corps Inc reported a deficit of $106K with expenses exceeding revenue, holds 39.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Franklin Lakes Volunteer Ambulance Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.9% | +97.1% | -8.5% |
| 2022 | -40.9% | +74.7% | -18.2% |
| 2021 | +28.6% | -23.1% | +11.9% |
| 2020 | +27.7% | +95.0% | +5.7% |
| 2019 | +8.6% | +12.6% | +25.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Franklin Lakes Volunteer Ambulance Corps Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Lakes Volunteer Ambulance Corps Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
Frequently Asked Questions about Franklin Lakes Volunteer Ambulance Corps Inc
Is Franklin Lakes Volunteer Ambulance Corps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Lakes Volunteer Ambulance Corps Inc (EIN: 226089554) insufficient data. 0 red flags identified, 0 strengths noted.
How does Franklin Lakes Volunteer Ambulance Corps Inc spend its money?
Detailed spending breakdown data is not yet available for Franklin Lakes Volunteer Ambulance Corps Inc. Check back for updated IRS 990 analysis.
Are donations to Franklin Lakes Volunteer Ambulance Corps Inc tax-deductible?
Franklin Lakes Volunteer Ambulance Corps Inc is registered as a tax-exempt nonprofit (EIN: 226089554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Franklin Lakes Volunteer Ambulance Corps Inc located?
Franklin Lakes Volunteer Ambulance Corps Inc is headquartered in Franklin Lks, New Jersey and files with the IRS under EIN 226089554. It is classified under NTEE code E63Z.
How many years of IRS 990 filings does Franklin Lakes Volunteer Ambulance Corps Inc have?
Franklin Lakes Volunteer Ambulance Corps Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $210K in total revenue.
Filing History
IRS 990 filing history for Franklin Lakes Volunteer Ambulance Corps Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Franklin Lakes Volunteer Ambulance Corps Inc's revenue has grown by 215.1%, moving from $76K to $241K. Total assets increased by 31.4% over the same period, from $869K to $1.1M. Total functional expenses rose by 335.1%, from $80K to $347K. In its most recent filing year (2023), Franklin Lakes Volunteer Ambulance Corps Inc reported a deficit of $106K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $347K | $1.1M | $0 | — | View 990 |
| 2022 | $156K | $176K | $1.2M | $0 | — | View 990 |
| 2021 | $263K | $101K | $1.5M | $0 | — | View 990 |
| 2020 | $205K | $131K | $1.4M | $0 | — | View 990 |
| 2019 | $160K | $67K | $1.3M | $0 | — | View 990 |
| 2018 | $148K | $60K | $1.0M | $0 | — | View 990 |
| 2017 | $99K | $75K | $1.2M | $0 | — | — |
| 2016 | $159K | $88K | $1.1M | $0 | — | View 990 |
| 2015 | $109K | $58K | $1.0M | $0 | — | View 990 |
| 2014 | $123K | $89K | $1.0M | $2K | — | View 990 |
| 2013 | $134K | $84K | $996K | $951 | — | View 990 |
| 2012 | $70K | $84K | $888K | $4K | — | View 990 |
| 2011 | $119K | $89K | $867K | $3K | — | View 990 |
| 2010 | $76K | $80K | $869K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $347K, and assets of $1.1M (revenue +54.9% year-over-year).
- 2022: Revenue of $156K, expenses of $176K, and assets of $1.2M (revenue -40.9% year-over-year).
- 2021: Revenue of $263K, expenses of $101K, and assets of $1.5M (revenue +28.6% year-over-year).
- 2020: Revenue of $205K, expenses of $131K, and assets of $1.4M (revenue +27.7% year-over-year).
- 2019: Revenue of $160K, expenses of $67K, and assets of $1.3M (revenue +8.6% year-over-year).
- 2018: Revenue of $148K, expenses of $60K, and assets of $1.0M (revenue +49.5% year-over-year).
- 2017: Revenue of $99K, expenses of $75K, and assets of $1.2M (revenue -37.8% year-over-year).
- 2016: Revenue of $159K, expenses of $88K, and assets of $1.1M (revenue +45.2% year-over-year).
- 2015: Revenue of $109K, expenses of $58K, and assets of $1.0M (revenue -11.3% year-over-year).
- 2014: Revenue of $123K, expenses of $89K, and assets of $1.0M (revenue -8.0% year-over-year).
- 2013: Revenue of $134K, expenses of $84K, and assets of $996K (revenue +92.8% year-over-year).
- 2012: Revenue of $70K, expenses of $84K, and assets of $888K (revenue -41.8% year-over-year).
- 2011: Revenue of $119K, expenses of $89K, and assets of $867K (revenue +56.2% year-over-year).
- 2010: Revenue of $76K, expenses of $80K, and assets of $869K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Lakes Volunteer Ambulance Corps Inc:
Data Sources and Methodology
This transparency report for Franklin Lakes Volunteer Ambulance Corps Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.