Southern Oklahoma Ambulance Service Inc

Analysis

Southern Oklahoma Ambulance Service Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in November 1962, 64 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 December 2023, Southern Oklahoma Ambulance Service Inc reported income of $5.5m and spending of $5.2m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.3m to $5.5m (+68%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern Oklahoma Ambulance Service Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Boulder Community Health Foundation ($5.5m), TBHC Medical Services PC ($5.5m) and Federation for Children with Special Needs Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $138k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.0m against liabilities of $9,892, net assets of $3.0m. It reported 68 employees.