Oakland Volunteer Fire Department Inc

Analysis

Oakland Volunteer Fire Department Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in February 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 (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, Oakland Volunteer Fire Department Inc reported income of $492k and spending of $296k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $492k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 68% 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, Oakland Volunteer Fire Department Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include House of Hope - International ($492k), Southwood Volunteer Fire Department Inc ($493k) and Pilot Fire Department and Community Center of Davidson County Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 0.6% of the total. At year end it held assets of $2.3m against liabilities of $503k, net assets of $1.8m.