Malta Ambulance Corps Inc
Malta Ambulance Corps Inc shows consistent revenue growth and strong asset accumulation with zero reported officer compensation.
EIN: 141553574 · Ballston Spa, NY · Updated: 2026-03-28
Is Malta Ambulance Corps Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Malta Ambulance Corps Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Malta Ambulance Corps Inc
Malta Ambulance Corps Inc (EIN: 141553574) is a nonprofit organization based in Ballston Spa, NY. The organization reported total revenue of $4.2M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Malta Ambulance Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malta Ambulance Corps Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$196K |
| Total Assets | $4.1M |
| Total Liabilities | $158K |
| Net Assets | $4.0M |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Malta Ambulance Corps Inc reported a surplus of $196K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Malta Ambulance Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -3.2% | +1.9% |
| 2022 | -4.1% | +12.1% | +1.6% |
| 2021 | +4.7% | -0.4% | +12.0% |
| 2020 | +6.3% | -3.2% | +8.8% |
| 2019 | -2.1% | +5.1% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Malta Ambulance Corps Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Malta Ambulance Corps Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $196K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Malta Ambulance Corps Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees. This suggests a strong commitment to directing financial resources entirely towards the organization's mission, which is commendable for an organization of its size with over $2.9 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Malta Ambulance Corps Inc:
- Consistent revenue growth, increasing from $1.88M in 2014 to $2.99M in 2023.
- Significant asset growth from $2.31M in 2014 to $4.13M in 2023.
- Substantial reduction in liabilities from $1.32M in 2014 to $157K in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting high dedication to mission and transparency.
- Consistent operating surpluses, demonstrating financial sustainability (e.g., $196,001 in 2023).
Frequently Asked Questions about Malta Ambulance Corps Inc
Is Malta Ambulance Corps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Malta Ambulance Corps Inc (EIN: 141553574) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Malta Ambulance Corps Inc spend its money?
Malta Ambulance Corps Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Malta Ambulance Corps Inc tax-deductible?
Malta Ambulance Corps Inc is registered as a tax-exempt nonprofit (EIN: 141553574). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Malta Ambulance Corps Inc financially stable?
Yes, Malta Ambulance Corps Inc appears financially stable. Their assets have consistently grown from $2,315,577 in 2014 to $4,135,519 in 2023, and their liabilities have significantly decreased from $1,329,451 to $157,528 over the same period, indicating strong financial health and management.
How efficiently does Malta Ambulance Corps Inc use its funds?
While specific program, administrative, and fundraising expense ratios are not detailed in the provided summary, the consistent operating surplus (e.g., $196,001 in 2023) and the absence of officer compensation suggest a high degree of efficiency in resource allocation towards its mission.
What is the trend in Malta Ambulance Corps Inc's revenue?
Malta Ambulance Corps Inc has shown a consistent upward trend in revenue, growing from $1,883,995 in 2014 to $2,990,208 in 2023, demonstrating sustained community support and operational growth.
Filing History
IRS 990 filing history for Malta Ambulance Corps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Malta Ambulance Corps Inc's revenue has grown by 130.9%, moving from $1.3M to $3.0M. Total assets increased by 79.5% over the same period, from $2.3M to $4.1M. Total functional expenses rose by 140.6%, from $1.2M to $2.8M. In its most recent filing year (2023), Malta Ambulance Corps Inc reported a surplus of $196K, with revenue exceeding expenses. The organization holds $158K in liabilities against $4.1M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.8M | $4.1M | $158K | — | View 990 |
| 2022 | $3.1M | $2.9M | $4.1M | $275K | — | View 990 |
| 2021 | $3.2M | $2.6M | $4.0M | $391K | — | — |
| 2020 | $3.1M | $2.6M | $3.6M | $588K | — | View 990 |
| 2019 | $2.9M | $2.7M | $3.3M | $768K | — | View 990 |
| 2018 | $2.9M | $2.5M | $3.2M | $941K | — | View 990 |
| 2017 | $2.5M | $2.2M | $2.9M | $1.0M | — | View 990 |
| 2016 | $2.5M | $2.2M | $2.7M | $1.2M | — | View 990 |
| 2015 | $2.4M | $2.1M | $2.6M | $1.3M | — | View 990 |
| 2014 | $1.9M | $1.8M | $2.3M | $1.3M | — | View 990 |
| 2013 | $1.4M | $1.5M | $2.5M | $1.6M | — | View 990 |
| 2012 | $1.3M | $1.2M | $2.5M | $1.6M | — | View 990 |
| 2011 | $1.3M | $1.2M | $2.3M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.8M, and assets of $4.1M (revenue -2.6% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.9M, and assets of $4.1M (revenue -4.1% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.6M, and assets of $4.0M (revenue +4.7% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.6M, and assets of $3.6M (revenue +6.3% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.7M, and assets of $3.3M (revenue -2.1% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.5M, and assets of $3.2M (revenue +15.5% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.2M, and assets of $2.9M (revenue +3.3% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.2M, and assets of $2.7M (revenue +2.9% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.1M, and assets of $2.6M (revenue +26.8% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $2.3M (revenue +32.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $2.5M (revenue +7.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $2.5M (revenue +2.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Malta 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.