Mendham Independent Hook and Ladder Company

Analysis

Mendham Independent Hook and Ladder Company is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 2022, Mendham Independent Hook and Ladder Company reported income of $67k and spending of $46k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $36k to $67k (+86%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mendham Independent Hook and Ladder Company sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($67k), Sellersville Church and Cemetery Corp ($67k) and Federation of Texas A&m University Mothers Club ($67k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% of the total. At year end it held assets of $250k against liabilities of $1,633, net assets of $248k.