Atlantic Hook & Ladder Company No 1 Inc of Port Washington

Analysis

Atlantic Hook & Ladder Company No 1 Inc of Port Washington is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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, Atlantic Hook & Ladder Company No 1 Inc of Port Washington reported income of $605k and spending of $683k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $605k (+9.5%), an average of +2.3% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Hook & Ladder Company No 1 Inc of Port Washington sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Christian Light & Salt Foundation Inc ($605k), Ferndale Youth Assistance Committee ($605k) and Wilson Community College Foundation Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.8m against liabilities of $306k, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.