The Odessa Fire Company

Analysis

The Odessa Fire Company is a registered charity in United States, based in Odessa, DE. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 April 2023, The Odessa Fire Company reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $1.9m to $2.4m (+29%), an average of +8.8% a year. The sharpest change came in the year to April 2022, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Odessa Fire Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within DE. Charities of a similar size with the same main cause include Long Island Gay and Lesbian Youth Inc ($2.4m), Valley Wellness Center Inc ($2.4m) and Riverside Christian School ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $625k. At year end it held assets of $10.4m against liabilities of $3.1m, net assets of $7.2m. It reported 33 employees.