Rocky Hill Hook and Ladder Co No 1 Inc

Analysis

Rocky Hill Hook and Ladder Co No 1 Inc is a registered charity in United States, based in Rocky Hill, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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, Rocky Hill Hook and Ladder Co No 1 Inc reported income of $180k and spending of $229k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $174k to $180k (+3.7%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 124% 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, Rocky Hill Hook and Ladder Co No 1 Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Cover Hill Volunteer Fire Company ($180k), Yadkin Valley Volunteer Fire-Rescue Department Inc ($181k) and Sherrodsville Volunteer Fire Department Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $271k against liabilities of $54k, net assets of $218k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.