Olivia Ambulance Service Inc

Analysis

Olivia Ambulance Service Inc is a registered charity in United States, based in Olivia, MN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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, Olivia Ambulance Service Inc reported income of $899k and spending of $392k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $899k (+230%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olivia Ambulance Service Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Rochester Figure Skating Club Incorporated ($899k), Sting Premier Soccer Club Inc ($899k) and Institute for Public Affairs ($899k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $22k (5.6% of expenses). Other salaries and wages came to $199k. At year end it held assets of $2.6m against liabilities of $4,843, net assets of $2.6m. It reported 26 employees.