Forest City Ambulance Service

Analysis

Forest City Ambulance Service is a registered charity in United States, based in Forest City, IA. It received its IRS tax-exemption ruling in July 1979, 47 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, Forest City Ambulance Service reported income of $620k and spending of $585k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $620k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forest City Ambulance Service sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Armenian Youth Federation Camp of California ($620k), Yankton Area Senior Citizens Center Inc ($620k) and Prisoners of Christ Inc ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Other salaries and wages came to $168k. At year end it held assets of $1.2m against liabilities of $13k, net assets of $1.2m. It reported 35 employees.