Thornwood Fire Co No 1

Analysis

Thornwood Fire Co No 1 is a registered charity in United States, based in Thornwood, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Thornwood Fire Co No 1 reported income of $54k and spending of $49k, spending 90% of its income. Across the 4 years on record, from March 2021 to December 2023, income fell from $268k to $54k (-80%), an average of -41% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 42% 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, Thornwood Fire Co No 1 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Millstone Township Fire Company ($54k), Nescopeck Township Volunteer Fire Co No 1 Inc ($54k) and Oregon Coast Boating Safety and Education Foundation ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $1,000 (2.0% of expenses). It paid $2,469 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.