Minisink Hose Company No 1 Inc

Analysis

Minisink Hose Company No 1 Inc is a registered charity in United States, based in Unionville, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Minisink Hose Company No 1 Inc reported income of $377k and spending of $349k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $365k to $377k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 86% 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, Minisink Hose Company No 1 Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Orlean Volunteer Fire Dept Inc ($377k), Holly Lake Volunteer Fire Department Incorporated Wood Count ($377k) and New Brook Volunteer Fire Association Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 73% of the total. At year end it held assets of $833k against liabilities of $225k, net assets of $608k.