Rutgers Engine Company 1 Inc

Analysis

Rutgers Engine Company 1 Inc is a registered charity in United States, based in Johnson, NY. It received its IRS tax-exemption ruling in January 1995, 31 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, Rutgers Engine Company 1 Inc reported income of $314k and spending of $289k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $464k to $314k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 88% 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, Rutgers Engine Company 1 Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Basking Ridge Fire Company No 1 ($314k), Allenton Volunteer Fire Department Inc ($314k) and The Daretown Fire Company ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 76% of the total. At year end it held assets of $1.0m against liabilities of $218k, net assets of $829k.