Hancock Fire Department Inc

Analysis

Hancock Fire Department Inc is a registered charity in United States, based in Hancock, NY. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hancock Fire Department Inc reported income of $168k and spending of $76k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $168k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 65% 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, Hancock Fire Department Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Guyan River Volunteer Fire Department ($168k), Maple Hill Volunteer Fire Department Inc ($168k) and Summit Township Volunteer Fire Department Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 4.0% of the total. At year end it held assets of $356k against liabilities of $397, net assets of $356k.