Round Lake Hose Company No 1

Analysis

Round Lake Hose Company No 1 is a registered charity in United States, based in Round Lake, NY. It received its IRS tax-exemption ruling in January 2012, 14 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 May 2023, Round Lake Hose Company No 1 reported income of $676k and spending of $622k, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $621k to $676k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to May 2020, when income rose by 23%. Over the whole period it spent 81% 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, Round Lake Hose Company No 1 sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include In Control Family Foundation Inc ($676k), Atrium Health Employee Assistance Inc ($678k) and Benedict Volunteer Fire Department & Rescue Squad & Auxiliary Inc ($675k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. At year end it held assets of $5.2m against liabilities of $2.5m, net assets of $2.7m.