Ely Area Ambulance Service

Analysis

Ely Area Ambulance Service is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ely Area Ambulance Service reported income of $726k and spending of $699k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $726k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ely Area Ambulance Service sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Producegood ($726k), House of Hope York Pa ($726k) and San Francisco Fire Fighters Toy Program ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $50k (7.1% of expenses). Other salaries and wages came to $438k. At year end it held assets of $57k against liabilities of $1,153, net assets of $56k. It reported 23 employees.