Osolo Fire & Ems Inc

Analysis

Osolo Fire & Ems Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in September 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Osolo Fire & Ems Inc reported income of $941k and spending of $1.7m, spending 175% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.5m to $941k (-39%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 115% 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, Osolo Fire & Ems Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Rahway First Aid Emergency Squad ($941k), Four Oaks Volunteer Fire Department Inc ($943k) and Dfacares Foundation ($941k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $98k (5.9% of expenses). Other salaries and wages came to $854k. At year end it held assets of $1.6m against liabilities of $22k, net assets of $1.5m. It reported 22 employees.