Wells Emergency Medical Service Inc

Analysis

Wells Emergency Medical Service Inc is a registered charity in United States, based in Wells, ME. It received its IRS tax-exemption ruling in March 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wells Emergency Medical Service Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wells Emergency Medical Service Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Diocesan Council of Biloxi Society of St Vincent de Paul ($1.4m), Horizons Expeditions ($1.4m) and Venture Productions Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $66k (4.2% of expenses). Other salaries and wages came to $929k. At year end it held assets of $565k against liabilities of $11k, net assets of $554k. It reported 54 employees.