Is Rescue Hook & Ladder Company No 1 Legit?…

Quick charity verification for Rescue Hook & Ladder Company No 1 (EIN: 112940545)

Strengths

Consistent financial surpluses in most recent years (e.g., $278,904 surplus in 2023).
Strong asset growth over the past decade, from $6.6M in 2014 to $11.9M in 2023.
Zero executive compensation reported across all filings, indicating a volunteer-driven leadership.
High transparency with 13 years of publicly available IRS 990 filings.
Likely high program spending efficiency given the nature of a volunteer fire department and no executive salaries.

Spending Breakdown

How Rescue Hook & Ladder Company No 1 allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Rescue Hook & Ladder Company No 1

Is Rescue Hook & Ladder Company No 1 a legitimate charity?

Based on AI analysis of IRS 990 filings, Rescue Hook & Ladder Company No 1 (EIN: 112940545) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Rescue Hook & Ladder Company No 1 a good charity to donate to?

Rescue Hook & Ladder Company No 1 has a Mission Score of 95/100. Revenue: $2.3M. Assets: $12.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rescue Hook & Ladder Company No 1?

The Employer Identification Number (EIN) for Rescue Hook & Ladder Company No 1 is 112940545. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Rescue Hook & Ladder Company No 1 spend its money?

Rescue Hook & Ladder Company No 1 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rescue Hook & Ladder Company No 1's tax-exempt status?

You can verify Rescue Hook & Ladder Company No 1's tax-exempt status using EIN 112940545 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Rescue Hook & Ladder Company No 1 demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a healthy asset base. For instance, in 2023, the organization reported revenues of $2,124,385 against expenses of $1,845,481, resulting in a surplus. The organization's assets have steadily grown over the past decade, from $6,686,693 in 2014 to $11,927,965 in 2023, indicating sound financial management and accumulation of resources. Liabilities have also increased, but at a slower pace than assets, maintaining a strong equity position.

The organization's spending efficiency appears robust, particularly given its NTEE code (M240 - Volunteer Fire Departments, Fire Protection & Control). A significant portion of its operational costs would likely be directed towards program services, such as equipment maintenance, training, and emergency response. The consistent reporting of 0% officer compensation across all filings suggests that the organization is primarily volunteer-driven at the leadership level, which is a strong indicator of efficiency and dedication to its mission, as administrative costs related to executive salaries are non-existent.

Transparency is high, as evidenced by 13 years of publicly available IRS 990 filings. The consistent reporting of key financial metrics, including revenue, expenses, assets, liabilities, and officer compensation, allows for clear oversight of the organization's financial health and operational activities. The absence of paid executive compensation further enhances its transparency profile, as there are no complex compensation packages to scrutinize. Overall, Rescue Hook & Ladder Company No 1 appears to be a financially stable, efficient, and transparent organization.

Is Rescue Hook & Ladder Company No 1 Legit?

Verdict: Rescue Hook & Ladder Company No 1 appears trustworthy