Lone Oak Volunteer Fire Department

Analysis

Lone Oak Volunteer Fire Department is a registered charity in United States, based in Signal Mountain, TN. It received its IRS tax-exemption ruling in October 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lone Oak Volunteer Fire Department reported income of $70k and spending of $75k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $70k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 124% 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, Lone Oak Volunteer Fire Department sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Williamsburg Volunteer Fire Dept ($70k), Rotterdam Volunteer Fire Company of Rotterdam District 2 Inc ($70k) and The Montebello Fire & Emergency Services Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.