Celoron Hose Company Noi Inc

Analysis

Celoron Hose Company Noi Inc is a registered charity in United States, based in Celoron, NY. It received its IRS tax-exemption ruling in September 2003, 23 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, Celoron Hose Company Noi Inc reported income of $335k and spending of $350k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $335k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 126% 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, Celoron Hose Company Noi Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Valmead Volunteer Fire Department Inc ($335k), Greenbelt Volunteer Fire Department and Rescue Squad Inc ($336k) and Ivor Volunteer Rescue Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 70% of the total. At year end it held assets of $2.0m against liabilities of $463k, net assets of $1.5m.

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.