Oaks Corners Volunteer Fire Company Inc

Analysis

Oaks Corners Volunteer Fire Company Inc is a registered charity in United States, based in Oaks Corners, NY. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 November 2023, Oaks Corners Volunteer Fire Company Inc reported income of $233k and spending of $314k, spending 135% of what it took in. Across the 2 years on record, from November 2022 to November 2023, income fell from $324k to $233k (-28%), an average of -28% a year. The sharpest change came in the year to November 2023, when income dropped by 28%. Over the whole period it spent 80% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Oaks Corners Volunteer Fire Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include New Centerville and Rural Volunteer Fire Company ($233k), Mid Coast Fire Brigade ($233k) and Millbrook Engine & Hook & Ladde Company 1 ($233k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 4.0% and program service revenue 65% of the total. At year end it held assets of $983k against liabilities of $510k, net assets of $472k.