Louisa County Ambulance

Analysis

Louisa County Ambulance is a registered charity in United States, based in Columbus JCT, IA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 2022, Louisa County Ambulance reported income of $190k and spending of $244k, spending 128% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income fell from $388k to $190k (-51%), an average of -30% a year. The sharpest change came in the year to June 2022, when income dropped by 49%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisa County Ambulance sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IA. Charities of a similar size with the same main cause include Arts Access Incorporated ($190k), Cypress Band and Drill Team Booster Club ($190k) and Algood Village Inc ($190k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $48k (20% of expenses). Other salaries and wages came to $53k. At year end it held assets of $165k against liabilities of $5,665, net assets of $159k. It reported 49 employees.