Bay Ambulance Inc

Analysis

Bay Ambulance Inc is a registered charity in United States, based in Baraga, MI. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Bay Ambulance Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $851k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bay Ambulance Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Center for Closing the Health Gap in Greater Cincinnati ($1.3m), Newark Transitional Supervised Living Program Corporation ($1.3m) and Encore Programs Inc a Nonprofit Public Benefit Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $112k (9.9% of expenses). Other salaries and wages came to $388k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m. It reported 41 employees.