Oakwood Volunteer Fire Dept Inc

Analysis

Oakwood Volunteer Fire Dept Inc is a registered charity in United States, based in Oakwood, VA. It received its IRS tax-exemption ruling in February 2002, 24 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 June 2023, Oakwood Volunteer Fire Dept Inc reported income of $800k and spending of $916k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $409k to $800k (+96%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 82% 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, Oakwood Volunteer Fire Dept Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Warren-Wentworth Ambulance Service ($799k), Pleasant Hall Volunteer Fire Co ($801k) and Aircraft Rescue & Fire Fighting Working Group Inc ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $424k. At year end it held assets of $821k against liabilities of $9,009, net assets of $812k. It reported 16 employees.