Buchanan Engine Company No 1 Inc is a 501(c)(3) organization based in Buchanan, New York, registered in 1995, with $322,536 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$323K
▼ 6.6% vs prior year
Public Safety median: $166K
Expenses (FY2024)
$312K
Net assets
$1.1M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Buchanan Engine Company No 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Buchanan Engine Company No 1 Inc: 44 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Buchanan Engine Company No 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Buchanan Engine Company No 1 Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $253K (FY2013) to $323K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $322,536▼6.6% | $312,188▼0.4% | $1,132,452▲0.9% | $1,132,452▲0.9% | 990 |
| 2023 | $345,491▲35.2% | $313,322▼2.0% | $1,122,104▲11.7% | $1,122,104▲11.7% | 990 |
| 2022 | $255,592▲7.0% | $319,734▲4.6% | $1,004,264▼6.0% | $1,004,523▼6.0% | 990 |
| 2021 | $238,924▲7.2% | $305,616▲33.1% | $1,068,406▼5.9% | $1,068,985▼5.9% | 990 |
| 2020 | $222,917▼14.5% | $229,630▼5.7% | $1,135,098▼0.6% | $1,135,680▼0.6% | 990 |
| 2019 | $260,768▼11.6% | $243,511▲13.4% | $1,141,811▲1.5% | $1,142,070▲1.4% | 990 |
| 2018 | $294,851▲7.8% | $214,665▼10.2% | $1,124,554▲7.7% | $1,126,240▲7.5% | 990 |
| 2017 | $273,461▲1.9% | $239,158▲18.1% | $1,044,368▲3.4% | $1,047,738▲3.5% | 990 |
| 2016 | $268,429▼9.3% | $202,450▼16.6% | $1,010,065▲7.0% | $1,012,530▲7.0% | 990 |
| 2015 | $295,883▲18.0% | $242,768▲4.1% | $944,086▲6.0% | $946,518▲5.6% | 990 |
| 2014 | $250,775▼1.0% | $233,129▼9.8% | $890,971▲2.0% | $895,965 | 990 |
| 2013 | $253,351 | $258,443▼9.4% | $873,325▼0.6% | $895,602▼4.0% | 990 |
| 2012 | — | $285,392▲8.7% | $878,417▼0.2% | $932,649▼3.4% | 990 |
| 2011 | — | $262,593▼8.3% | $879,950▼5.1% | $965,602▼8.3% | 990 |
| 2010 | — | $286,267 | $926,862 | $1,052,539 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Buchanan Engine Company No 1 Inc totaling $22K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $8,796 |
| American Online Giving Foundation Inc | General support | 2023 | $13,475 |
Explore more
Data for Buchanan Engine Company No 1 Inc (EIN 13-3158002) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.