Ambulance Service of Hale Center Inc

Analysis

Ambulance Service of Hale Center Inc is a registered charity in United States, based in Hale Center, TX. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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, Ambulance Service of Hale Center Inc reported income of $245k and spending of $234k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $330k to $245k (-26%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ambulance Service of Hale Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Lions Sight & Hearing Foundation of N H ($245k), Northeast Modern Language Association Inc ($245k) and Mystic Riders Snowmobile Club Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $181k. At year end it held assets of $22k against liabilities of $139k, net assets of -$117k. It reported 8 employees.