Red Oak Volunteer Fire & Rescue

Analysis

Red Oak Volunteer Fire & Rescue is a registered charity in United States, based in Red Oak, IA. It received its IRS tax-exemption ruling in January 2006, 20 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 June 2024, Red Oak Volunteer Fire & Rescue reported income of $65k and spending of $33k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $78k to $65k (-17%), an average of -17% a year. The sharpest change came in the year to June 2024, when income dropped by 17%. Over the whole period it spent 59% 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, Red Oak Volunteer Fire & Rescue sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within IA. Charities of a similar size with the same main cause include Gainesville Fire Department Inc ($65k), Relief Association of the Clarks Summit Fire Co No 1 ($65k) and Christiansburg Volunteer Fire Department Inc ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 7.8% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.