Albany Ohio Area Volunteer Fire Department Inc

Analysis

Albany Ohio Area Volunteer Fire Department Inc is a registered charity in United States, based in Albany, OH. It received its IRS tax-exemption ruling in January 1987, 39 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 July 2023, Albany Ohio Area Volunteer Fire Department Inc reported income of $209k and spending of $140k, leaving 33% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $170k to $209k (+23%), an average of +7.1% a year. The sharpest change came in the year to July 2021, when income rose by 45%. Over the whole period it spent 75% 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, Albany Ohio Area Volunteer Fire Department Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Dyke Volunteer Fire Company Inc ($209k), Curry Voluntary Fire Dept ($209k) and Scottsville Vol Fire Dept ($209k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $973k against liabilities of $0, net assets of $973k.