Buchanan Engine Company No 1 Inc

Analysis

Buchanan Engine Company No 1 Inc is a registered charity in United States, based in Buchanan, NY. It received its IRS tax-exemption ruling in April 1995, 31 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 May 2024, Buchanan Engine Company No 1 Inc reported income of $345k and spending of $313k, spending 91% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $261k to $345k (+32%), an average of +7.3% a year. The sharpest change came in the year to May 2024, when income rose by 35%. Over the whole period it spent 107% 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, Buchanan Engine Company No 1 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Tasley Volunteer Fire Company Inc ($345k), The Pierpont Volunteer Fire Department ($346k) and Isle of Wight Rescue Squad Inc ($345k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 12% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $4,800 (1.5% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.