Regional Ambulance Service Inc

Analysis

Regional Ambulance Service Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2024, Regional Ambulance Service Inc reported income of $5.6m and spending of $5.3m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $5.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regional Ambulance Service Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within VT. Charities of a similar size with the same main cause include Hoosick Falls Health Center ($5.6m), Baldwin Care Center Inc ($5.6m) and D-Tree International Inc ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $143k (2.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $14.3m against liabilities of $294k, net assets of $14.0m. It reported 95 employees.