Sonco Ambulance Inc

Analysis

Sonco Ambulance Inc is a registered charity in United States, based in Bruce Xing, MI. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2023, Sonco Ambulance Inc reported income of $656k and spending of $609k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $448k to $656k (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Sonco Ambulance Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include West Chester Volunteer Firemens Relief Assocation ($655k), Dicks Sporting Goods Teammate Relief Fund ($656k) and West Harrison Volunteer Fire Department ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 37% of the total. Other salaries and wages came to $329k. At year end it held assets of $1.3m against liabilities of $7,667, net assets of $1.3m. It reported 25 employees.