Lake Harmony Rescue Squad and Ambulance Corps Inc

Analysis

Lake Harmony Rescue Squad and Ambulance Corps Inc is a registered charity in United States, based in Lake Harmony, PA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Lake Harmony Rescue Squad and Ambulance Corps Inc reported income of $616k and spending of $650k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $616k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Lake Harmony Rescue Squad and Ambulance Corps Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Penn Township Volunteer Fire Department ($616k), Wachapreague Volunteer Fire Co Inc ($617k) and Sewickley Township Community Ambulance Service ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $141k (22% of expenses). Other salaries and wages came to $226k. At year end it held assets of $895k against liabilities of $0, net assets of $895k. It reported 19 employees.