Palmer Ambulance Service Inc

Analysis

Palmer Ambulance Service Inc is a registered charity in United States, based in Palmer, MA. It received its IRS tax-exemption ruling in July 1984, 42 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 2023, Palmer Ambulance Service Inc reported income of $1.1m and spending of $1.4m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Palmer Ambulance Service Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Unity-Parkside Property Inc ($1.1m), Pregnancy Care Center of Wayne County Inc ($1.1m) and Almaden Valley Counseling Service Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $820k. At year end it held assets of $807k against liabilities of $69k, net assets of $739k. It reported 39 employees.