Medisys Ambulance Service Inc

Analysis

Medisys Ambulance Service Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Medisys Ambulance Service Inc reported income of $1.0m and spending of $1.3m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $1.0m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 148% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medisys Ambulance Service Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Providence Newberg Health Foundation ($1.0m), New Beginnings Recovery Homes Incorporated ($1.0m) and Fayette Care Clinic Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $512k. At year end it held assets of $659k against liabilities of $3.5m, net assets of -$2.9m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.