South Side Hose Company 2 Incorporated

Analysis

South Side Hose Company 2 Incorporated is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in February 2010, 16 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 November 2023, South Side Hose Company 2 Incorporated reported income of $106k and spending of $129k, spending 122% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $97k to $106k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to November 2021, when income rose by 74%. Over the whole period it spent 118% 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, South Side Hose Company 2 Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include North Carolina Operation Lifesaver ($106k), Harmony Fire District Relief Association ($106k) and Marion Township Volunteer Fire Company ($106k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 20% and program service revenue 0.6% of the total. At year end it held assets of $826k against liabilities of $229k, net assets of $597k.

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.