Ocracoke Fire Protection Assn Inc

Analysis

Ocracoke Fire Protection Assn Inc is a registered charity in United States, based in Ocracoke, NC. It received its IRS tax-exemption ruling in January 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 December 2023, Ocracoke Fire Protection Assn Inc reported income of $367k and spending of $302k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $763k to $367k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 66% 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, Ocracoke Fire Protection Assn Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Bloxom Volunteer Fire Company Inc ($367k), Bart Township Fire Company ($367k) and Garwood Volunteer Fire Department ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 14% of the total. At year end it held assets of $3.5m against liabilities of $441, net assets of $3.5m.