Bordens Hose Company No 1 of Mt Upton New York

Analysis

Bordens Hose Company No 1 of Mt Upton New York is a registered charity in United States, based in Mount Upton, NY. It received its IRS tax-exemption ruling in June 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 (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, Bordens Hose Company No 1 of Mt Upton New York reported income of $149k and spending of $217k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $149k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 114% 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, Bordens Hose Company No 1 of Mt Upton New York 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 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Seale Volunteer Fire Department ($149k), Huntington Fire Company Incorporated ($149k) and Niantic Fire Department Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. At year end it held assets of $586k against liabilities of $313k, net assets of $273k.

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.