Allegany Engine Company Inc

Analysis

Allegany Engine Company Inc is a registered charity in United States, based in Allegany, 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, Allegany Engine Company Inc reported income of $107k and spending of $109k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $107k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 106% 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, Allegany Engine Company Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Light My Fire Inc ($107k), Rowan-Iredell Voluntary Fire Department Inc ($107k) and Arlington Fire Relief Association ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $286k against liabilities of $631, net assets of $285k.