Oak Grove Volunteer Fire Dept Inc

Analysis

Oak Grove Volunteer Fire Dept Inc is a registered charity in United States, based in Kings MTN, NC. It received its IRS tax-exemption ruling in May 2012, 14 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, Oak Grove Volunteer Fire Dept Inc reported income of $623k and spending of $590k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $491k to $623k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 105% 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, Oak Grove Volunteer Fire Dept Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Joshua Collingsworth Memorial Foundation ($623k), North Eastern Alamance Volunteer Fire Department Inc ($624k) and West Whiteland Fire Company Inc ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $43k (7.3% of expenses). Other salaries and wages came to $144k. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$467k. It reported 33 employees.