Lower Somerset County Ambulance and Rescue Squad Inc

Analysis

Lower Somerset County Ambulance and Rescue Squad Inc is a registered charity in United States, based in Crisfield, MD. It received its IRS tax-exemption ruling in May 2021, 5 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 June 2024, Lower Somerset County Ambulance and Rescue Squad Inc reported income of $328k and spending of $349k, spending 106% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income grew from $264k to $328k (+24%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lower Somerset County Ambulance and Rescue Squad Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Larche North Carolina ($328k), The Littlest Heroes Inc ($328k) and Alpha Pregnancy Help Center ($328k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $614k against liabilities of $64k, net assets of $550k.