Neptune Hose Co No 1 Inc

Analysis

Neptune Hose Co No 1 Inc is a registered charity in United States, based in Dryden, NY. It received its IRS tax-exemption ruling in November 1995, 31 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, Neptune Hose Co No 1 Inc reported income of $858k and spending of $504k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $655k to $858k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 60% 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, Neptune Hose Co No 1 Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Institute for Safer Trucking ($856k), Liberty Heights Community Center ($859k) and Institute for Safety in Powerline Construction Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 81% of the total. At year end it held assets of $5.4m against liabilities of $90k, net assets of $5.3m.