Bloomsbury Hose Company No 1

Analysis

Bloomsbury Hose Company No 1 is a registered charity in United States, based in Bloomsbury, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomsbury Hose Company No 1 reported income of $203k and spending of $197k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $203k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 91% 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, Bloomsbury Hose Company No 1 sits at the 61st percentile: it is larger than about 61% 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 North Tazewell Volunteer Fire Department Inc ($203k), Conch Republic Marine Army Inc ($203k) and The Waverly Volunteer Fire Company Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $720k against liabilities of $306k, net assets of $414k.