Olympia Volunteer Fire Dept

Analysis

Olympia Volunteer Fire Dept is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 2024, Olympia Volunteer Fire Dept reported income of $104k and spending of $138k, spending 133% of what it took in. Across the 4 years on record, from December 2020 to June 2024, income fell from $531k to $104k (-80%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 82%. Over the whole period it spent 52% 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, Olympia Volunteer Fire Dept sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Grand Rapids Police Foundation ($104k), White Oak Volunteer Fire Association Inc ($104k) and Rapid Ministries Inc ($104k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.1m against liabilities of $37k, net assets of $1.0m.