Empire Hose Company No 1 of Piermont New York Inc

Analysis

Empire Hose Company No 1 of Piermont New York Inc is a registered charity in United States, based in Piermont, NY. It received its IRS tax-exemption ruling in January 2002, 24 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 2023, Empire Hose Company No 1 of Piermont New York Inc reported income of $97k and spending of $131k, spending 135% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $143k to $97k (-32%), an average of -9.1% a year. The sharpest change came in the year to March 2022, when income rose by 39%. Over the whole period it spent 103% 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, Empire Hose Company No 1 of Piermont New York Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Bayport Fire Department ($97k), Preakness Volunteer Fire Co No 4 ($97k) and Friends of the Idaho Panhandle Avalanche Center Inc ($97k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 14% and program service revenue 58% of the total. At year end it held assets of $714k against liabilities of $82k, net assets of $632k.