Merrick Hook and Ladder Co No 1

Analysis

Merrick Hook and Ladder Co No 1 is a registered charity in United States, based in Merrick, NY. It received its IRS tax-exemption ruling in February 2010, 16 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, Merrick Hook and Ladder Co No 1 reported income of $586k and spending of $593k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $589k to $586k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income rose by 458%. Over the whole period it spent 104% 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, Merrick Hook and Ladder Co No 1 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Antioch Fire Department Inc ($586k), Electrical Safety Foundation International Inc ($587k) and Hillcrest Fire Department ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Other salaries and wages came to $12k. At year end it held assets of $9.2m against liabilities of $44k, net assets of $9.1m. It reported 1 employees.