The Oceanville Volunteer Fire Company No 1

Analysis

The Oceanville Volunteer Fire Company No 1 is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2023, The Oceanville Volunteer Fire Company No 1 reported income of $143k and spending of $51k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $143k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 301%. Over the whole period it spent 24% 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, The Oceanville Volunteer Fire Company No 1 sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Cat Spring Volunteer Fire Department ($143k), Jefferson Volunteer Fire Department Inc ($144k) and Bowlus Volunteer Fire Department ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.