Essex Fire Engine Co 1 Special Acct

Analysis

Essex Fire Engine Co 1 Special Acct is a registered charity in United States, based in Essex, CT. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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 2023, Essex Fire Engine Co 1 Special Acct reported income of $455k and spending of $528k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $398k to $455k (+14%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Fire Engine Co 1 Special Acct sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include John Stanford International School Ptsa 6 15 195 ($455k), Hoa Aina O Makaha ($455k) and Police Athletic League of Berkeley Heights Inc ($455k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $968k against liabilities of $23k, net assets of $944k.