Lifestat Ambulance Service Inc

Analysis

Lifestat Ambulance Service Inc is a registered charity in United States, based in Saltsburg, PA. It received its IRS tax-exemption ruling in May 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, Lifestat Ambulance Service Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifestat Ambulance Service Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Philadelphia Young Playwrights ($1.1m), Montclair Hockey Club Inc ($1.1m) and Tulsa Boys Home Multiple Purpose Trust ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $4,275 (0.4% of expenses). Other salaries and wages came to $516k. At year end it held assets of $401k against liabilities of $302k, net assets of $99k.

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.