Ralston Engine Company No 1

Analysis

Ralston Engine Company No 1 is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in May 1998, 28 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, Ralston Engine Company No 1 reported income of $56k and spending of $80k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $56k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 101% 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, Ralston Engine Company 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 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Punkin Center Volunteer Fire Department Inc ($56k), Larimer County Dive Rescue Team ($56k) and Gallatin Volunteer Fire Department ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $361k against liabilities of $85k, net assets of $275k.