Olney Volunteer Fire Department

Analysis

Olney Volunteer Fire Department is a registered charity in United States, based in Olney, TX. It received its IRS tax-exemption ruling in January 2012, 14 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, Olney Volunteer Fire Department reported income of $107k and spending of $47k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $107k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 42% 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, Olney Volunteer Fire Department sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Redondo Beach Police Foundation ($107k), Shady Valley Volunteer Fire Department ($107k) and Oak Valley Volunteer Fire Co 1 ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $349k against liabilities of $0, net assets of $349k.