Old Forge Volunteer Ambulance Corps Inc
Old Forge Volunteer Ambulance Corps Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 205680571 · Old Forge, NY · NTEE: M41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $468K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Old Forge Volunteer 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 →
Old Forge Volunteer Ambulance Corps Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Forge Volunteer Ambulance Corps Inc
Old Forge Volunteer Ambulance Corps Inc (EIN: 205680571) is a nonprofit organization based in Old Forge, NY, classified under NTEE code M41. The organization reported total revenue of $1.9M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Forge Volunteer Ambulance Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Forge Volunteer Ambulance Corps Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $765K |
| Total Expenses | $468K |
| Surplus / Deficit | +$297K |
| Total Assets | $1.3M |
| Total Liabilities | $106K |
| Net Assets | $1.2M |
| Operating Margin | 38.9% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 33.9 months |
Financial Health Grade: A
In 2023, Old Forge Volunteer Ambulance Corps Inc reported a surplus of $297K with revenue exceeding expenses, holds 33.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Old Forge Volunteer Ambulance Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.9% | -11.3% | +14.4% |
| 2022 | -10.5% | -10.7% | -2.1% |
| 2021 | +37.1% | +46.6% | +19.5% |
| 2020 | +3.3% | +5.9% | +55.4% |
| 2019 | +12.5% | -30.8% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Old Forge Volunteer 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, Old Forge Volunteer 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 $297K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
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 Old Forge Volunteer Ambulance Corps Inc:
- Consistent revenue growth, especially in recent years (e.g., $765,131 in 2023 vs. $162,537 in 2015).
- Strong asset accumulation, reaching $1,322,597 in 2023.
- No reported officer compensation across all filings, indicating volunteer leadership or efficient compensation structures.
- Revenue consistently exceeding expenses in recent periods, leading to positive net income.
- Clear alignment between organization name and NTEE code (M41 - Ambulance & Emergency Medical Services).
Frequently Asked Questions about Old Forge Volunteer Ambulance Corps Inc
Is Old Forge Volunteer Ambulance Corps Inc a legitimate charity?
Old Forge Volunteer Ambulance Corps Inc (EIN: 205680571) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Old Forge Volunteer Ambulance Corps Inc spend its money?
Old Forge Volunteer Ambulance Corps Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Old Forge Volunteer Ambulance Corps Inc tax-deductible?
Old Forge Volunteer Ambulance Corps Inc is registered as a tax-exempt nonprofit (EIN: 205680571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Old Forge Volunteer Ambulance Corps Inc's spending goes to programs?
Old Forge Volunteer Ambulance Corps Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Old Forge Volunteer Ambulance Corps Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Old Forge Volunteer Ambulance Corps Inc is above average for NTEE category M41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Forge Volunteer Ambulance Corps Inc located?
Old Forge Volunteer Ambulance Corps Inc is headquartered in Old Forge, New York and files with the IRS under EIN 205680571. It is classified under NTEE code M41.
How many years of IRS 990 filings does Old Forge Volunteer Ambulance Corps Inc have?
Old Forge Volunteer Ambulance Corps Inc has 13 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 $1.9M in total revenue.
Is Old Forge Volunteer Ambulance Corps Inc a good charity?
Based on the provided financial data, Old Forge Volunteer Ambulance Corps Inc appears to be a well-managed and financially healthy charity. It demonstrates consistent revenue growth, strong asset accumulation, and reports no officer compensation, which are all positive indicators.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $162,537 in 2015 to $765,131 in 2023, with a notable surge in the most recent period.
What is the organization's financial stability?
Old Forge Volunteer Ambulance Corps Inc exhibits strong financial stability, with assets consistently growing and revenue generally exceeding expenses, leading to a healthy net asset position.
Does the organization compensate its officers?
No, the organization has consistently reported 0% officer compensation across all available IRS 990 filings.
Filing History
IRS 990 filing history for Old Forge Volunteer Ambulance Corps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Forge Volunteer Ambulance Corps Inc's revenue has grown by 381.5%, moving from $159K to $765K. Total assets increased by 137.5% over the same period, from $557K to $1.3M. Total functional expenses rose by 272.2%, from $126K to $468K. In its most recent filing year (2023), Old Forge Volunteer Ambulance Corps Inc reported a surplus of $297K, with revenue exceeding expenses. The organization holds $106K in liabilities against $1.3M in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $765K | $468K | $1.3M | $106K | — | — |
| 2022 | $589K | $528K | $1.2M | $358K | — | View 990 |
| 2021 | $658K | $591K | $1.2M | $444K | — | View 990 |
| 2020 | $480K | $403K | $989K | $275K | — | View 990 |
| 2019 | $465K | $380K | $636K | $0 | — | View 990 |
| 2018 | $413K | $550K | $552K | $0 | — | View 990 |
| 2017 | $430K | $368K | $688K | $0 | — | View 990 |
| 2016 | $454K | $350K | $626K | $0 | — | View 990 |
| 2015 | $163K | $194K | $523K | $0 | — | View 990 |
| 2014 | $185K | $215K | $554K | $0 | — | View 990 |
| 2013 | $193K | $158K | $584K | $0 | — | View 990 |
| 2012 | $177K | $185K | $549K | $0 | — | View 990 |
| 2011 | $159K | $126K | $557K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $765K, expenses of $468K, and assets of $1.3M (revenue +29.9% year-over-year).
- 2022: Revenue of $589K, expenses of $528K, and assets of $1.2M (revenue -10.5% year-over-year).
- 2021: Revenue of $658K, expenses of $591K, and assets of $1.2M (revenue +37.1% year-over-year).
- 2020: Revenue of $480K, expenses of $403K, and assets of $989K (revenue +3.3% year-over-year).
- 2019: Revenue of $465K, expenses of $380K, and assets of $636K (revenue +12.5% year-over-year).
- 2018: Revenue of $413K, expenses of $550K, and assets of $552K (revenue -4.0% year-over-year).
- 2017: Revenue of $430K, expenses of $368K, and assets of $688K (revenue -5.2% year-over-year).
- 2016: Revenue of $454K, expenses of $350K, and assets of $626K (revenue +179.3% year-over-year).
- 2015: Revenue of $163K, expenses of $194K, and assets of $523K (revenue -12.3% year-over-year).
- 2014: Revenue of $185K, expenses of $215K, and assets of $554K (revenue -4.1% year-over-year).
- 2013: Revenue of $193K, expenses of $158K, and assets of $584K (revenue +9.3% year-over-year).
- 2012: Revenue of $177K, expenses of $185K, and assets of $549K (revenue +11.3% year-over-year).
- 2011: Revenue of $159K, expenses of $126K, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Forge Volunteer Ambulance Corps Inc:
Data Sources and Methodology
This transparency report for Old Forge 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.