Lake Mills Ambulance Service

Analysis

Lake Mills Ambulance Service is a registered charity in United States, based in Lake Mills, IA. It received its IRS tax-exemption ruling in February 1974, 52 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 September 2024, Lake Mills Ambulance Service reported income of $161k and spending of $187k, spending 116% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income fell from $191k to $161k (-16%), an average of -4.1% a year. The sharpest change came in the year to September 2024, when income rose by 20%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Mills Ambulance Service sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include South Carolina State University National Alumni Association ($161k), New England Rugby Football Union Referees Society Inc ($161k) and Detroit Rugby Football Club of Metropolitan Detroit Inc ($161k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $76k. At year end it held assets of $244k against liabilities of $0, net assets of $244k. It reported 18 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.