Reading Emergency Unit Inc

Analysis

Reading Emergency Unit Inc is a registered charity in United States, based in Hillsdale, MI. It received its IRS tax-exemption ruling in October 1984, 42 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, Reading Emergency Unit Inc reported income of $2.5m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reading Emergency Unit Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Ohana Heritage Foundation Inc ($2.5m), Greenwood-Edgefield-Mccormick- Abbeville Comm on Alc & Drug Abuse ($2.5m) and Southern Berkshire Volunteer Ambulance Squad Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $916k, net assets of $1.1m. It reported 45 employees.