Niagara Engine Company No 6 Inc

Analysis

Niagara Engine Company No 6 Inc is a registered charity in United States, based in Schoharie, NY. It received its IRS tax-exemption ruling in February 2013, 13 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 March 2024, Niagara Engine Company No 6 Inc reported income of $146k and spending of $391k, spending 267% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $605k to $146k (-76%), an average of -30% a year. The sharpest change came in the year to March 2021, when income dropped by 75%. Over the whole period it spent 153% 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, Niagara Engine Company No 6 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include National Committee on Uniform Traffic Control Devices ($146k), Otto Township Volunteer Fire Department & Ambulance Association ($146k) and Adrian Volunteer Fire Dept ($146k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $6.2m against liabilities of $521k, net assets of $5.7m.

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.