Taghkanic Fire Company No 1 Inc

Analysis

Taghkanic Fire Company No 1 Inc is a registered charity in United States, based in Craryville, NY. It received its IRS tax-exemption ruling in October 2014, 12 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, Taghkanic Fire Company No 1 Inc reported income of $285k and spending of $218k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $285k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 71% 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, Taghkanic Fire Company No 1 Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Riverhead Volunteer Firefighters Association Inc ($285k), Goldvein Volunteer Fire Department ($285k) and Black Police Officers Association of Omaha ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. At year end it held assets of $3.0m against liabilities of $255k, net assets of $2.7m.