Otto Volunteer Fire and Rescue Inc

Analysis

Otto Volunteer Fire and Rescue Inc is a registered charity in United States, based in Otto, NC. It received its IRS tax-exemption ruling in May 1999, 27 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 December 2023, Otto Volunteer Fire and Rescue Inc reported income of $697k and spending of $340k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $697k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 67% 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, Otto Volunteer Fire and Rescue Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Mt Penn Fire Company ($696k), Columbus Rescue Mission Inc ($697k) and Community Volunteer Fire Co Inc of District No 12 ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $118k. At year end it held assets of $1.7m against liabilities of $429k, net assets of $1.3m. It reported 3 employees.