Ocean Bay Park Volunteer Fire Department

Analysis

Ocean Bay Park Volunteer Fire Department is a registered charity in United States, based in Ocean Beach, NY. It received its IRS tax-exemption ruling in July 2011, 15 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, Ocean Bay Park Volunteer Fire Department reported income of $79k and spending of $71k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $79k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 165% 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, Ocean Bay Park Volunteer Fire Department sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Community Volunteer Fire Company of Lower Alsace Township ($79k), Georgetown Volunteer Fire Department Inc ($79k) and Roxton Volunteer Fire Dept ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.