Tremont Area Ambulance Association

Analysis

Tremont Area Ambulance Association is a registered charity in United States, based in Tremont, PA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, Tremont Area Ambulance Association reported income of $385k and spending of $426k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $385k (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tremont Area Ambulance Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Law Library Association of St Louis ($385k), Oritel Inc ($385k) and Dedham Food Pantry Charitable TR ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. At year end it held assets of $109k against liabilities of $172k, net assets of -$63k.