Oceanview Volunteer Fire Co Inc

Analysis

Oceanview Volunteer Fire Co Inc is a registered charity in United States, based in Ocean View, NJ. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Oceanview Volunteer Fire Co Inc reported income of $247k and spending of $80k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $247k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oceanview Volunteer Fire Co Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Charleston Moves ($247k), Gladwin Community Arena ($247k) and Louisville Third Century Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $836k.