Oak City Volunteer Fire Department Inc

Analysis

Oak City Volunteer Fire Department Inc is a registered charity in United States, based in Oak City, NC. It received its IRS tax-exemption ruling in December 2017, 9 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 City Volunteer Fire Department Inc reported income of $186k and spending of $71k, leaving 62% of income unspent that year. Across the 2 years on record, from June 2020 to June 2023, income grew from $98k to $186k (+89%), an average of +89% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 51% 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 City Volunteer Fire Department Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Volunteer Firemen Relief Association of Exeter Township ($186k), Family Ngo Inc ($186k) and Beachwood Emergency Medical Services Inc ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $707k against liabilities of $90k, net assets of $617k.