Ossining Volunteer Ambulance Corps Inc

Is Ossining Volunteer Ambulance Corps Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Ossining Volunteer Ambulance Corps Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ossining Volunteer Ambulance Corps Inc

Ossining Volunteer Ambulance Corps Inc (EIN: 136141685) is a nonprofit organization based in Ossining, NY, classified under NTEE code E62Z. The organization reported total revenue of $5.4M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ossining Volunteer Ambulance Corps 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 Ossining Volunteer Ambulance Corps Inc with a Mission Score of 88 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, Ossining 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure. This is highly commendable for a nonprofit of its size, as it ensures that a greater proportion of funds can be directed towards its mission.

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.

Red Flags

The following concerns were identified during AI analysis of Ossining Volunteer Ambulance Corps Inc's IRS 990 filings:

• Lack of detailed expense breakdown in provided data to fully assess program vs. admin spending.

Strengths

The following positive indicators were identified for Ossining Volunteer Ambulance Corps Inc:

• Consistent revenue growth over the past decade, from $2,053,391 in 2014 to $5,104,272 in 2023.
• Significant asset accumulation, increasing from $1,981,924 in 2014 to $4,874,421 in 2023.
• Zero reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
• Healthy operating surpluses in most recent years, demonstrating sound financial management.
• Low liabilities relative to assets, suggesting strong financial stability.

Frequently Asked Questions about Ossining Volunteer Ambulance Corps Inc

Filing History

IRS 990 filing history for Ossining Volunteer Ambulance Corps Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ossining Volunteer Ambulance Corps Inc's revenue has grown by 202.3%, moving from $1.7M to $5.1M. Total assets increased by 198.1% over the same period, from $1.6M to $4.9M. Total functional expenses rose by 200.2%, from $1.5M to $4.6M. In its most recent filing year (2023), Ossining Volunteer Ambulance Corps Inc reported a surplus of $531K, with revenue exceeding expenses. The organization holds $193K in liabilities against $4.9M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $4.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.1M, expenses of $4.6M, and assets of $4.9M (revenue +5.3% year-over-year).
• 2022: Revenue of $4.8M, expenses of $3.8M, and assets of $4.4M (revenue +34.2% year-over-year).
• 2021: Revenue of $3.6M, expenses of $3.7M, and assets of $3.5M (revenue +2.3% year-over-year).
• 2020: Revenue of $3.5M, expenses of $3.1M, and assets of $3.3M (revenue +20.6% year-over-year).
• 2019: Revenue of $2.9M, expenses of $2.7M, and assets of $2.9M (revenue +27.9% year-over-year).
• 2018: Revenue of $2.3M, expenses of $2.4M, and assets of $2.6M (revenue -13.0% year-over-year).
• 2017: Revenue of $2.6M, expenses of $2.3M, and assets of $2.7M (revenue +23.9% year-over-year).
• 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $2.4M (revenue -9.0% year-over-year).
• 2015: Revenue of $2.3M, expenses of $1.9M, and assets of $2.5M (revenue +13.6% year-over-year).
• 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $2.0M (revenue +13.4% year-over-year).
• 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $1.8M (revenue -8.1% year-over-year).
• 2012: Revenue of $2.0M, expenses of $1.8M, and assets of $1.9M (revenue +16.7% year-over-year).
• 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $1.6M.

Data Sources and Methodology

This transparency report for Ossining 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.