Corunna Area Ambulance Service Inc

Analysis

Corunna Area Ambulance Service Inc is a registered charity in United States, based in Corunna, MI. It received its IRS tax-exemption ruling in August 1978, 48 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 May 2023, Corunna Area Ambulance Service Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $965k to $1.3m (+38%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corunna Area Ambulance Service Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Prince Edward Volunteer Rescue Squad Inc ($1.3m), First Amendment Coalition ($1.3m) and Delaware Academy of Medicine Inc ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $740k. At year end it held assets of $844k against liabilities of $140k, net assets of $704k. It reported 25 employees.