Reid Health Ambulance Inc

Analysis

Reid Health Ambulance Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in June 2020, 6 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, Reid Health Ambulance Inc reported income of $4.1m and spending of $5.1m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $981k to $4.1m (+314%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reid Health Ambulance Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Community Medical Clinic of Kershaw County ($4.1m), Ocracoke Health Center Inc ($4.1m) and Gift of Life Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $2.1m against liabilities of $4.2m, net assets of -$2.1m.

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.