Hot Springs Ambulance Service Inc

Analysis

Hot Springs Ambulance Service Inc is a registered charity in United States, based in Hot Springs, SD. It received its IRS tax-exemption ruling in November 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hot Springs Ambulance Service Inc reported income of $1.4m and spending of $1.8m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 100% 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, Hot Springs Ambulance Service Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include Miyamoto Global Disaster Relief ($1.4m), Northwest Harnett Voluntary Fire Department Inc ($1.4m) and Skull Camp Volunteer Fire Department Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $244k (14% of expenses). Other salaries and wages came to $634k. At year end it held assets of $5.2m against liabilities of $2.8m, net assets of $2.4m. It reported 43 employees.