Memorial Ambulance Corps Isle Au Haut-Stonington-Deer Isle

Analysis

Memorial Ambulance Corps Isle Au Haut-Stonington-Deer Isle is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Ambulance Corps Isle Au Haut-Stonington-Deer Isle reported income of $417k and spending of $409k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $417k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Ambulance Corps Isle Au Haut-Stonington-Deer Isle sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include Ohio Valley Health Center ($417k), Grassrootshealth ($417k) and Anderson Campbell Educational Insit Ute Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $157k. At year end it held assets of $2.1m against liabilities of $89k, net assets of $2.0m. It reported 32 employees.