Mutual Engine Hose Co Eng 1

Analysis

Mutual Engine Hose Co Eng 1 is a registered charity in United States, based in Mount Kisco, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 March 2024, Mutual Engine Hose Co Eng 1 reported income of $463k and spending of $179k, leaving 61% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $254k to $463k (+82%), an average of +16% a year. The sharpest change came in the year to March 2024, when income rose by 54%. Over the whole period it spent 49% 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, Mutual Engine Hose Co Eng 1 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include White House Community Volunteer Fire Department Inc ($463k), The North Stonington Volunteer Fire Company Inc ($463k) and Parkton Volunteer Fire Department Inc ($463k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.0% and program service revenue 42% of the total. At year end it held assets of $3.2m against liabilities of $7,955, net assets of $3.2m.