United Fire Company No 1

Analysis

United Fire Company No 1 is a registered charity in United States, based in Cutchogue, NY. It received its IRS tax-exemption ruling in September 2023, 3 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, United Fire Company No 1 reported income of $221k and spending of $218k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $235k to $221k (-6.0%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 84% 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, United Fire Company No 1 sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Devils Lake Volunteer Fire Dept ($221k), Yulan Fire Department Inc ($221k) and Dunlap Fire Department & Rescue Squad ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $1,500 (0.7% of expenses). At year end it held assets of $841k against liabilities of $0, net assets of $841k.