Piedmont Triad Ambulance & Rescue Inc

Analysis

Piedmont Triad Ambulance & Rescue Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in September 1972, 54 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, Piedmont Triad Ambulance & Rescue Inc reported income of $5.9m and spending of $6.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $5.9m (-1.0%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Triad Ambulance & Rescue 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 94th percentile within NC. Charities of a similar size with the same main cause include Parkinson Voice Project Inc ($5.9m), Barlow Group ($5.9m) and Advanced Professional Home Health Care Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $127k (1.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.7m against liabilities of $290k, net assets of $4.4m. It reported 93 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.