Ocean Park Volunteer Fire and Rescue Unit Inc

Analysis

Ocean Park Volunteer Fire and Rescue Unit Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in September 1985, 41 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 July 2023, Ocean Park Volunteer Fire and Rescue Unit Inc reported income of $349k and spending of $381k, spending 109% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $199k to $349k (+75%), an average of +21% a year. The sharpest change came in the year to July 2021, when income rose by 132%. Over the whole period it spent 84% 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, Ocean Park Volunteer Fire and Rescue Unit Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include The Hastings Fire Department Relief Association ($349k), Friends of Nathaniel Witherell Inc ($349k) and Western Salisbury Volunteer Fire Company ($349k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 5.4% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $284k, net assets of $1.0m.