Ambulance Service Corporation Inc

Analysis

Ambulance Service Corporation Inc is a registered charity in United States, based in Glasgow, KY. It received its IRS tax-exemption ruling in December 1976, 50 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 (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 2023, Ambulance Service Corporation Inc reported income of $6.3m and spending of $6.8m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $6.3m (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ambulance Service Corporation 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 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Seasons Hospice ($6.3m), Delta Ambulance Corp ($6.3m) and Treatment Trends Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $8.3m against liabilities of $16.6m, net assets of -$8.3m. It reported 102 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.