Lake County Ambulance Service

Analysis

Lake County Ambulance Service is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in December 1999, 27 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, Lake County Ambulance Service reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake County Ambulance Service sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Sorrel Leaf Healing Center Inc ($1.6m), Wellness AIDS Services Inc ($1.6m) and Dudleys Place Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $240k (15% of expenses). Other salaries and wages came to $720k. At year end it held assets of $1.6m against liabilities of $74k, net assets of $1.5m. It reported 36 employees.