Lifecare Ambulance

Analysis

Lifecare Ambulance is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Lifecare Ambulance reported income of $13.8m and spending of $14.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $13.8m (+5.3%), an average of +1.3% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifecare Ambulance sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include AIDS Foundation Houston Inc ($13.8m), Ronald McDonald House of New York Inc ($13.8m) and Highlands Living Center Inc ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $11.0m against liabilities of $2.4m, net assets of $8.6m.

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.