Black Oak Volunteer Fire Department Inc

Analysis

Black Oak Volunteer Fire Department Inc is a registered charity in United States, based in Vanceburg, KY. It received its IRS tax-exemption ruling in August 2015, 11 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, Black Oak Volunteer Fire Department Inc reported income of $91k and spending of $104k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $70k to $91k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 125% 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, Black Oak Volunteer Fire Department Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include Shepherds Crossroads Volunteer Fire Department ($91k), Ten-82 ($91k) and Scotch Plains Rescue Squad Inc ($90k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. At year end it held assets of $749k against liabilities of $50k, net assets of $699k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.