Fire Department of Ocean Beach Inc

Analysis

Fire Department of Ocean Beach Inc is a registered charity in United States, based in Ocean Beach, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, Fire Department of Ocean Beach Inc reported income of $185k and spending of $116k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $185k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 77% 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, Fire Department of Ocean Beach Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Raccoon Township Independent Volunteer Fire Department No 1 ($185k), Whitehouse Volunteer Fire Department ($185k) and Wellersburg District Volunteer Fire Company ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $531k against liabilities of $0, net assets of $531k.