Ocean Pines Volunteer Fire Department Inc

Analysis

Ocean Pines Volunteer Fire Department Inc is a registered charity in United States, based in Ocean Pines, MD. It received its IRS tax-exemption ruling in June 1975, 51 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 April 2024, Ocean Pines Volunteer Fire Department Inc reported income of $3.2m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $2.1m to $3.2m (+51%), an average of +11% a year. The sharpest change came in the year to April 2023, when income rose by 77%. Over the whole period it spent 88% 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, Ocean Pines Volunteer Fire Department Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Kennett Fire and Ems Regional Commission Inc ($3.2m), Rhode Island Disaster Medical Assistance Team ($3.3m) and Tri-Community Volunteer Fire Department ($3.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 71% and program service revenue 24% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $6.8m against liabilities of $242k, net assets of $6.5m. It reported 33 employees.