Borough of Oakmont Volunteer Fire Department

Analysis

Borough of Oakmont Volunteer Fire Department is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in October 2003, 23 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, Borough of Oakmont Volunteer Fire Department reported income of $62k and spending of $80k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $62k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 126% 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, Borough of Oakmont Volunteer Fire Department sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include San Angelo Back the Badge ($62k), Southeastern Massachusetts Law Enforcement Council Incorporated ($62k) and Trappe Fire Company Number 1 ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.