Hose Company No 1 of the Borough of New Providence

Analysis

Hose Company No 1 of the Borough of New Providence is a registered charity in United States, based in New Providnce, NJ. It received its IRS tax-exemption ruling in November 2008, 18 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, Hose Company No 1 of the Borough of New Providence reported income of $77k and spending of $83k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $77k (-3.0%), an average of -3.0% a year. Over the whole period it spent 96% 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, Hose Company No 1 of the Borough of New Providence sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Pine Glen Fire Company ($76k), Clackamas County Peace Officersbenevolent Foundation ($77k) and Santa Barbara Firefighters Alliance ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $316k against liabilities of $0, net assets of $316k.