Cornell Hook & Ladder Fire Company Inc

Analysis

Cornell Hook & Ladder Fire Company Inc is a registered charity in United States, based in New Baltimore, NY. It received its IRS tax-exemption ruling in November 2008, 18 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, Cornell Hook & Ladder Fire Company Inc reported income of $67k and spending of $63k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $67k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 68% 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, Cornell Hook & Ladder Fire Company Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Texas Rescue Patrol ($67k), Berlin Fire Dept ($67k) and W R Castle Volunteer Fire and Rescue Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.