Rescue Hook & Ladder Company No 1

Analysis

Rescue Hook & Ladder Company No 1 is a registered charity in United States, based in Roslyn HTS, NY. It received its IRS tax-exemption ruling in August 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rescue Hook & Ladder Company No 1 reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 100% 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, Rescue Hook & Ladder Company No 1 sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Vander Volunteer Fire Department ($2.1m), Alvin S Mintzes Hatzalah of Baltimore Inc ($2.1m) and Rolesville Rural Fire Dept Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $52k (2.8% of expenses). Other salaries and wages came to $120k. At year end it held assets of $11.9m against liabilities of $4.1m, net assets of $7.8m.