Hopewell Hose Company

Analysis

Hopewell Hose Company is a registered charity in United States, based in Hopewell JCT, NY. It received its IRS tax-exemption ruling in September 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopewell Hose Company reported income of $157k and spending of $166k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $157k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 82% 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, Hopewell Hose Company sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Miller City Volunteer Fire Dept ($157k), Pine Beach Volunteer Fire Co No 1 ($157k) and East Penn Township Volunteer Fire Company ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $906k against liabilities of $4,508, net assets of $902k.