Old Lyme South End Volunteer Ambulance Associatin Inc
Old Lyme South End Volunteer Ambulance Association: Strong Asset Growth, Variable Revenue
EIN: 222677959 · Old Lyme, CT · Updated: 2026-04-04
Is Old Lyme South End Volunteer Ambulance Associatin Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Lyme South End Volunteer Ambulance Associatin Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Lyme South End Volunteer Ambulance Associatin Inc
Old Lyme South End Volunteer Ambulance Associatin Inc (EIN: 222677959) is a nonprofit organization based in Old Lyme, CT. The organization reported total revenue of $487K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Lyme South End Volunteer Ambulance Associatin Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Old Lyme South End Volunteer Ambulance Associatin Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Old Lyme South End Volunteer Ambulance Associatin Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, indicating it is likely below reporting thresholds or not separately disclosed.
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 Lyme South End Volunteer Ambulance Associatin Inc:
- Consistent asset growth over the past several years, indicating financial stability.
- Significant increase in revenue in 2023 ($740,814), suggesting strong fundraising or service demand.
- Stable expense levels, demonstrating good cost control.
Frequently Asked Questions about Old Lyme South End Volunteer Ambulance Associatin Inc
Is Old Lyme South End Volunteer Ambulance Associatin Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Lyme South End Volunteer Ambulance Associatin Inc (EIN: 222677959) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Old Lyme South End Volunteer Ambulance Associatin Inc spend its money?
Old Lyme South End Volunteer Ambulance Associatin Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Lyme South End Volunteer Ambulance Associatin Inc tax-deductible?
Old Lyme South End Volunteer Ambulance Associatin Inc is registered as a tax-exempt nonprofit (EIN: 222677959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Old Lyme South End Volunteer Ambulance Associatin Inc do?
Old Lyme South End Volunteer Ambulance Associatin Inc is a nonprofit organization in the Unknown sector, located in Old Lyme, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Old Lyme South End Volunteer Ambulance Associatin Inc have?
Old Lyme South End Volunteer Ambulance Associatin Inc reported total revenue of $487,393. Based on 13 IRS 990 filings on record.
What are Old Lyme South End Volunteer Ambulance Associatin Inc's total assets?
Old Lyme South End Volunteer Ambulance Associatin Inc holds total assets of $1,340,337 as reported in IRS 990 filings.
Where is Old Lyme South End Volunteer Ambulance Associatin Inc located?
Old Lyme South End Volunteer Ambulance Associatin Inc is based in Old Lyme, Connecticut.
What is Old Lyme South End Volunteer Ambulance Associatin Inc's EIN?
Old Lyme South End Volunteer Ambulance Associatin Inc's Employer Identification Number (EIN) is 222677959. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Old Lyme South End Volunteer Ambulance Associatin Inc?
Old Lyme South End Volunteer Ambulance Associatin Inc is classified under NTEE code Unknown (Unknown).
Is Old Lyme South End Volunteer Ambulance Associatin Inc a registered 501(c)(3)?
Old Lyme South End Volunteer Ambulance Associatin Inc appears in IRS records (EIN: 222677959). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Old Lyme South End Volunteer Ambulance Associatin Inc file IRS Form 990?
Yes, Old Lyme South End Volunteer Ambulance Associatin Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Old Lyme South End Volunteer Ambulance Associatin Inc's revenue in 2023?
In the 202312 filing period, Old Lyme South End Volunteer Ambulance Associatin Inc reported total revenue of $740,814, total expenses of $390,927, and net assets of $1,344,720.
Is Old Lyme South End Volunteer Ambulance Associatin Inc's revenue growing or declining?
Old Lyme South End Volunteer Ambulance Associatin Inc's revenue is growing. Revenue went from $356,764 (202212) to $740,814 (202312), a +107.6% change. Based on 13 filings on record.
What is Old Lyme South End Volunteer Ambulance Associatin Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Old Lyme South End Volunteer Ambulance Associatin Inc covers tax period 202312. It shows revenue of $740,814, expenses of $390,927, total assets of $1,344,720, and liabilities of N/A.
How much does Old Lyme South End Volunteer Ambulance Associatin Inc spend on programs vs administration?
Based on IRS 990 analysis, Old Lyme South End Volunteer Ambulance Associatin Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Old Lyme South End Volunteer Ambulance Associatin Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Old Lyme South End Volunteer Ambulance Associatin Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Old Lyme South End Volunteer Ambulance Associatin Inc's strengths?
Positive indicators for Old Lyme South End Volunteer Ambulance Associatin Inc include: Consistent asset growth over the past several years, indicating financial stability.. Significant increase in revenue in 2023 ($740,814), suggesting strong fundraising or service demand.. Stable expense levels, demonstrating good cost control.. These findings are derived from AI analysis of the organization's financial filings.
How does Old Lyme South End Volunteer Ambulance Associatin Inc compensate executives?
Executive compensation information is not available in the provided data, indicating it is likely below reporting thresholds or not separately disclosed. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Old Lyme South End Volunteer Ambulance Associatin Inc?
• The organization's assets have shown consistent growth, increasing from $856,825 in 2017 to $1,344,720 in 2023. • Revenue has fluctuated significantly, with a notable jump from $356,764 in 2022 to $740,814 in 2023. • Expenses have remained relatively stable year-over-year, hovering around $300,000-$390,000. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial revenue increase from $356,764 in 2022 to $740,814 in 2023?
The provided data does not specify the exact reasons for the revenue surge, but it could be attributed to a major grant, a successful fundraising campaign, or increased demand for ambulance services.
Given the 'Volunteer' in the name, how does the organization manage its operational expenses, which consistently range between $300,000 and $390,000 annually?
While the organization relies on volunteers for services, operational expenses likely cover equipment maintenance, facility costs, insurance, training, and potentially a small administrative staff, which are essential for any ambulance service.
Filing History
IRS 990 filing history for Old Lyme South End Volunteer Ambulance Associatin Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Lyme South End Volunteer Ambulance Associatin Inc's revenue has grown by 166%, moving from $279K to $741K. Total assets increased by 61.5% over the same period, from $833K to $1.3M. Total functional expenses rose by 53.3%, from $255K to $391K. In its most recent filing year (2023), Old Lyme South End Volunteer Ambulance Associatin Inc reported a surplus of $350K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $741K | $391K | $1.3M | $0 | — | — |
| 2022 | $357K | $341K | $993K | $0 | — | View 990 |
| 2021 | $341K | $342K | $998K | $0 | — | View 990 |
| 2020 | $347K | $332K | $1.0M | $0 | — | View 990 |
| 2019 | $353K | $330K | $982K | $0 | — | View 990 |
| 2018 | $354K | $256K | $953K | $0 | — | View 990 |
| 2017 | $274K | $300K | $857K | $0 | — | View 990 |
| 2016 | $285K | $300K | $882K | $0 | — | View 990 |
| 2015 | $272K | $238K | $958K | $0 | — | View 990 |
| 2014 | $275K | $215K | $926K | $0 | — | View 990 |
| 2013 | $268K | $258K | $863K | $0 | — | View 990 |
| 2012 | $292K | $262K | $860K | $0 | — | View 990 |
| 2011 | $279K | $255K | $833K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $741K, expenses of $391K, and assets of $1.3M (revenue +107.6% year-over-year).
- 2022: Revenue of $357K, expenses of $341K, and assets of $993K (revenue +4.6% year-over-year).
- 2021: Revenue of $341K, expenses of $342K, and assets of $998K (revenue -1.8% year-over-year).
- 2020: Revenue of $347K, expenses of $332K, and assets of $1.0M (revenue -1.6% year-over-year).
- 2019: Revenue of $353K, expenses of $330K, and assets of $982K (revenue -0.2% year-over-year).
- 2018: Revenue of $354K, expenses of $256K, and assets of $953K (revenue +29.0% year-over-year).
- 2017: Revenue of $274K, expenses of $300K, and assets of $857K (revenue -3.7% year-over-year).
- 2016: Revenue of $285K, expenses of $300K, and assets of $882K (revenue +4.6% year-over-year).
- 2015: Revenue of $272K, expenses of $238K, and assets of $958K (revenue -0.8% year-over-year).
- 2014: Revenue of $275K, expenses of $215K, and assets of $926K (revenue +2.4% year-over-year).
- 2013: Revenue of $268K, expenses of $258K, and assets of $863K (revenue -8.1% year-over-year).
- 2012: Revenue of $292K, expenses of $262K, and assets of $860K (revenue +4.7% year-over-year).
- 2011: Revenue of $279K, expenses of $255K, and assets of $833K.
Data Sources and Methodology
This transparency report for Old Lyme South End Volunteer Ambulance Associatin 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.