Olive Fire Dept No 1 Inc

Analysis

Olive Fire Dept No 1 Inc is a registered charity in United States, based in Olivebridge, NY. It received its IRS tax-exemption ruling in August 1996, 30 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, Olive Fire Dept No 1 Inc reported income of $1.6m and spending of $682k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.6m (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olive Fire Dept No 1 Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Nami New Jersey a New Jersey Non Profit Corporation ($1.6m), San Francisco Vikings Soccer Club Inc ($1.6m) and Milwaukee Homeless Veterans Initiative Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $3,625. At year end it held assets of $5.5m against liabilities of $1.1m, net assets of $4.4m. It reported 1 employees.