Otsego County Ambulance Corps Inc

Analysis

Otsego County Ambulance Corps Inc is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in December 1979, 47 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 (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, Otsego County Ambulance Corps Inc reported income of $3.6m and spending of $3.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Otsego County Ambulance Corps 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 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Rural Health Network of Monroe County Florida Inc ($3.6m), Comprehensive Human Services Corporation ($3.6m) and The Massachusetts Council on Gaming and Health Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $134k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.4m against liabilities of $12k, net assets of $1.4m. It reported 40 employees.