Friendship Hose Co 1

Analysis

Friendship Hose Co 1 is a registered charity in United States, based in Spring Grove, PA. It received its IRS tax-exemption ruling in June 2023, 3 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, Friendship Hose Co 1 reported income of $158k and spending of $179k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $118k to $158k (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 90% 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, Friendship Hose Co 1 sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Franklin Township Fire Department Inc ($158k), Bradford Volunteer Fire Company Inc ($158k) and New England Fire Company Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $5,775 (3.2% of expenses). At year end it held assets of $626k against liabilities of $17k, net assets of $610k.