Galesburg Hospitals Ambulance Service

Analysis

Galesburg Hospitals Ambulance Service is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in November 1980, 46 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, Galesburg Hospitals Ambulance Service reported income of $5.5m and spending of $5.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $5.5m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galesburg Hospitals Ambulance Service sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Branch School Inc ($5.5m), Udig Ny Inc ($5.5m) and Mid Coast Hunger Prevention Program Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 96% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $11.5m against liabilities of $268k, net assets of $11.3m. It reported 72 employees.