River Plaza Hose Company No 1

Analysis

River Plaza Hose Company No 1 is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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, River Plaza Hose Company No 1 reported income of $204k and spending of $168k, spending 82% of its income. Across the 6 years on record, from December 2016 to December 2023, income grew from $153k to $204k (+34%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Plaza Hose Company No 1 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Jesus Word Center ($204k), Williamsburg Volunteer Fire Company 1 ($204k) and New Wilmington Missionary Conference Endowment Foundation ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 1.1% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.