Vigilant Engine & Hook & Ladder Co Inc

Analysis

Vigilant Engine & Hook & Ladder Co Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in October 1941, 85 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, Vigilant Engine & Hook & Ladder Co Inc reported income of $3.8m and spending of $3.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.8m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 97% 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, Vigilant Engine & Hook & Ladder Co Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Casa Academy ($3.7m), Westminster Fire Engine and Hose Company No 1 Inc ($3.8m) and National Fire Safety Council Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.5m against liabilities of $415k, net assets of $6.1m. It reported 35 employees.