Rescue Hook & Ladder Company No 1
Rescue Hook & Ladder Company No 1 maintains strong financial health with consistent revenue, growing assets, and no executive compensation.
EIN: 112940545 · Roslyn Hts, NY · NTEE: M240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $7.8M |
| Transparency Score | 95/100 |
Is Rescue Hook & Ladder Company No 1 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rescue Hook & Ladder Company No 1 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rescue Hook & Ladder Company No 1
Rescue Hook & Ladder Company No 1 (EIN: 112940545) is a nonprofit organization based in Roslyn Hts, NY, classified under NTEE code M240. The organization reported total revenue of $2.3M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rescue Hook & Ladder Company No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rescue Hook & Ladder Company No 1 is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$279K |
| Total Assets | $11.9M |
| Total Liabilities | $4.1M |
| Net Assets | $7.8M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 77.6 months |
Financial Health Grade: A
In 2023, Rescue Hook & Ladder Company No 1 reported a surplus of $279K with revenue exceeding expenses, holds 77.6 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rescue Hook & Ladder Company No 1's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | -4.5% | -1.4% |
| 2022 | -8.7% | -1.4% | -5.4% |
| 2021 | +7.6% | +6.7% | -2.5% |
| 2020 | +2.3% | -4.5% | -3.4% |
| 2019 | +3.3% | +26.3% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rescue Hook & Ladder Company No 1 with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rescue Hook & Ladder Company No 1 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $279K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership operates on a volunteer basis, which is highly commendable for an organization of its size with assets exceeding $12 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Rescue Hook & Ladder Company No 1:
- 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.
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 legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Rescue Hook & Ladder Company No 1 spend its money?
Rescue Hook & Ladder Company No 1 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rescue Hook & Ladder Company No 1 tax-deductible?
Rescue Hook & Ladder Company No 1 is registered as a tax-exempt nonprofit (EIN: 112940545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rescue Hook & Ladder Company No 1 CEO make?
Rescue Hook & Ladder Company No 1's highest-compensated officer earns $12 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rescue Hook & Ladder Company No 1 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Rescue Hook & Ladder Company No 1 is above average for NTEE category M240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rescue Hook & Ladder Company No 1 located?
Rescue Hook & Ladder Company No 1 is headquartered in Roslyn Hts, New York and files with the IRS under EIN 112940545. It is classified under NTEE code M240.
How many years of IRS 990 filings does Rescue Hook & Ladder Company No 1 have?
Rescue Hook & Ladder Company No 1 has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Is Rescue Hook & Ladder Company No 1 a good charity?
Based on its financial data, Rescue Hook & Ladder Company No 1 appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue generation, and a remarkable commitment to its mission through 0% executive compensation.
How does Rescue Hook & Ladder Company No 1 manage its finances?
The organization manages its finances effectively, consistently generating more revenue than expenses in most years, leading to a steady increase in assets from $6.6M in 2014 to $11.9M in 2023. This indicates prudent financial stewardship.
What is the trend in Rescue Hook & Ladder Company No 1's assets and liabilities?
Rescue Hook & Ladder Company No 1's assets have shown a strong upward trend, nearly doubling from $6,686,693 in 2014 to $11,927,965 in 2023. Liabilities have also increased but at a slower rate, maintaining a healthy financial position.
Filing History
IRS 990 filing history for Rescue Hook & Ladder Company No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rescue Hook & Ladder Company No 1's revenue has grown by 30%, moving from $1.6M to $2.1M. Total assets increased by 90.8% over the same period, from $6.3M to $11.9M. Total functional expenses rose by 37.4%, from $1.3M to $1.8M. In its most recent filing year (2023), Rescue Hook & Ladder Company No 1 reported a surplus of $279K, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $11.9M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.8M | $11.9M | $4.1M | — | — |
| 2022 | $1.8M | $1.9M | $12.1M | $4.6M | — | View 990 |
| 2021 | $2.0M | $2.0M | $12.8M | $5.1M | — | View 990 |
| 2020 | $1.8M | $1.8M | $13.1M | $5.5M | — | — |
| 2019 | $1.8M | $1.9M | $13.6M | $5.9M | — | View 990 |
| 2018 | $1.7M | $1.5M | $13.1M | $5.3M | — | View 990 |
| 2017 | $1.7M | $1.2M | $10.5M | $2.9M | — | View 990 |
| 2016 | $1.9M | $1.1M | $8.7M | $869K | — | View 990 |
| 2015 | $1.6M | $1.2M | $7.8M | $757K | — | View 990 |
| 2014 | $1.6M | $1.3M | $6.7M | $100K | — | View 990 |
| 2013 | $1.5M | $1.2M | $6.4M | $94K | — | View 990 |
| 2012 | $1.6M | $1.3M | $6.4M | $393K | — | View 990 |
| 2011 | $1.6M | $1.3M | $6.3M | $519K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.8M, and assets of $11.9M (revenue +18.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.9M, and assets of $12.1M (revenue -8.7% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $12.8M (revenue +7.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $13.1M (revenue +2.3% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $13.6M (revenue +3.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $13.1M (revenue +2.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.2M, and assets of $10.5M (revenue -13.0% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.1M, and assets of $8.7M (revenue +21.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.2M, and assets of $7.8M (revenue +0.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.3M, and assets of $6.7M (revenue +4.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.2M, and assets of $6.4M (revenue -4.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $6.4M (revenue -2.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rescue Hook & Ladder Company No 1:
Data Sources and Methodology
This transparency report for Rescue Hook & Ladder Company No 1 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.