Gratwick Hose Co Inc

Analysis

Gratwick Hose Co Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Gratwick Hose Co Inc reported income of $189k and spending of $191k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $189k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gratwick Hose Co Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Eufaula Heritage Association Inc ($189k), Timberville Volunteer Fire Department Incorporated ($189k) and Fiesta Cornyation ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 16% of the total. Other salaries and wages came to $8,554. At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 3 employees.