Hillsboro Area Ambulance Service Inc

Analysis

Hillsboro Area Ambulance Service Inc is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in July 1975, 51 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 November 2023, Hillsboro Area Ambulance Service Inc reported income of $957k and spending of $1.2m, spending 125% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $862k to $957k (+11%), an average of +2.7% a year. The sharpest change came in the year to November 2020, when income rose by 19%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hillsboro Area Ambulance Service Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Florida Alliance for Civic Engagement Inc ($957k), Somerset Educational Broadcasting Foundation ($957k) and American Foundation for Affordable Housing Inc ($957k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $90k (7.5% of expenses). Other salaries and wages came to $650k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 26 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.