Ocean Reef Volunteer Fire Department Inc

Analysis

Ocean Reef Volunteer Fire Department Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in May 1980, 46 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, Ocean Reef Volunteer Fire Department Inc reported income of $1.7m and spending of $1.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 87% 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 Reef Volunteer Fire Department Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Evergreen Safety Council ($1.7m), Westwood Fire Company ($1.7m) and Santa Barbara County Fire Safe Council ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $6.1m against liabilities of $2.4m, net assets of $3.8m.