Honor Emergency Fund of the Fire Department of the City of New York

Analysis

Honor Emergency Fund of the Fire Department of the City of New York is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1924, 102 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Honor Emergency Fund of the Fire Department of the City of New York reported income of $970k and spending of $816k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $970k (-30%), an average of -8.7% a year. The sharpest change came in the year to August 2021, when income rose by 39%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honor Emergency Fund of the Fire Department of the City of New York sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Santa Ynez Valley Senior Citizens Foundation ($970k), Future Farmers of America ($970k) and Williams S Hart Boys Baseball League Inc ($969k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% of the total. Compensation of current officers, directors and key employees was $129k (16% of expenses). Other salaries and wages came to $52k. At year end it held assets of $22.5m against liabilities of $95k, net assets of $22.4m. It reported 3 employees.