Palmyra Ambulance Association Of Palmyra Nj
EIN: 226061577 · Palmyra, NJ
| Metric | Value |
|---|---|
| Total Revenue | $925K |
| Total Expenses | $858K |
| Net Assets | $1.0M |
Is Palmyra Ambulance Association Of Palmyra Nj Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmyra Ambulance Association Of Palmyra Nj
Palmyra Ambulance Association Of Palmyra Nj (EIN: 226061577) is a nonprofit organization based in Palmyra, NJ. The organization reported total revenue of $925K and total assets of $983K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmyra Ambulance Association Of Palmyra Nj's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmyra Ambulance Association Of Palmyra Nj is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $952K |
| Total Expenses | $858K |
| Surplus / Deficit | +$95K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 9.9% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, Palmyra Ambulance Association Of Palmyra Nj reported a surplus of $95K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Palmyra Ambulance Association Of Palmyra Nj's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +3.1% | +10.1% |
| 2022 | +22.3% | +3.8% | +3.4% |
| 2021 | -37.4% | -6.4% | -9.6% |
| 2020 | +22.4% | -6.6% | +37.1% |
| 2019 | +8.2% | -1.9% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmyra Ambulance Association Of Palmyra Nj 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 Palmyra Ambulance Association Of Palmyra Nj 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 surplus of $95K, with revenue exceeding expenses.
Frequently Asked Questions about Palmyra Ambulance Association Of Palmyra Nj
Is Palmyra Ambulance Association Of Palmyra Nj a legitimate charity?
Palmyra Ambulance Association Of Palmyra Nj (EIN: 226061577) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $925K. No red flags identified. Financial health grade: A.
How does Palmyra Ambulance Association Of Palmyra Nj spend its money?
Palmyra Ambulance Association Of Palmyra Nj reported $925K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Palmyra Ambulance Association Of Palmyra Nj tax-deductible?
Palmyra Ambulance Association Of Palmyra Nj is registered as a tax-exempt nonprofit (EIN: 226061577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmyra Ambulance Association Of Palmyra Nj located?
Palmyra Ambulance Association Of Palmyra Nj is headquartered in Palmyra, New Jersey and files with the IRS under EIN 226061577.
How many years of IRS 990 filings does Palmyra Ambulance Association Of Palmyra Nj have?
Palmyra Ambulance Association Of Palmyra Nj 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 $925K in total revenue.
Filing History
IRS 990 filing history for Palmyra Ambulance Association Of Palmyra Nj showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palmyra Ambulance Association Of Palmyra Nj's revenue has grown by 28.1%, moving from $744K to $952K. Total assets increased by 30.6% over the same period, from $787K to $1.0M. Total functional expenses rose by 36.2%, from $630K to $858K. In its most recent filing year (2023), Palmyra Ambulance Association Of Palmyra Nj reported a surplus of $95K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $952K | $858K | $1.0M | $0 | — | — |
| 2022 | $863K | $832K | $934K | $0 | — | View 990 |
| 2021 | $706K | $802K | $903K | $0 | — | View 990 |
| 2020 | $1.1M | $857K | $999K | $0 | — | — |
| 2019 | $921K | $917K | $729K | $0 | — | View 990 |
| 2018 | $851K | $935K | $725K | $0 | — | View 990 |
| 2017 | $822K | $929K | $808K | $1 | — | View 990 |
| 2016 | $792K | $908K | $941K | $26K | — | View 990 |
| 2015 | $939K | $818K | $1.1M | $56K | — | View 990 |
| 2014 | $792K | $779K | $999K | $85K | — | View 990 |
| 2013 | $761K | $750K | $900K | $0 | — | View 990 |
| 2012 | $754K | $653K | $888K | $0 | — | View 990 |
| 2011 | $744K | $630K | $787K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $952K, expenses of $858K, and assets of $1.0M (revenue +10.4% year-over-year).
- 2022: Revenue of $863K, expenses of $832K, and assets of $934K (revenue +22.3% year-over-year).
- 2021: Revenue of $706K, expenses of $802K, and assets of $903K (revenue -37.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $857K, and assets of $999K (revenue +22.4% year-over-year).
- 2019: Revenue of $921K, expenses of $917K, and assets of $729K (revenue +8.2% year-over-year).
- 2018: Revenue of $851K, expenses of $935K, and assets of $725K (revenue +3.6% year-over-year).
- 2017: Revenue of $822K, expenses of $929K, and assets of $808K (revenue +3.8% year-over-year).
- 2016: Revenue of $792K, expenses of $908K, and assets of $941K (revenue -15.7% year-over-year).
- 2015: Revenue of $939K, expenses of $818K, and assets of $1.1M (revenue +18.5% year-over-year).
- 2014: Revenue of $792K, expenses of $779K, and assets of $999K (revenue +4.1% year-over-year).
- 2013: Revenue of $761K, expenses of $750K, and assets of $900K (revenue +0.9% year-over-year).
- 2012: Revenue of $754K, expenses of $653K, and assets of $888K (revenue +1.4% year-over-year).
- 2011: Revenue of $744K, expenses of $630K, and assets of $787K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmyra Ambulance Association Of Palmyra Nj:
Data Sources and Methodology
This transparency report for Palmyra Ambulance Association Of Palmyra Nj 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.