S W Pitts Hose Company of Latham Ny Inc

Analysis

S W Pitts Hose Company of Latham Ny Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in December 1971, 55 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, S W Pitts Hose Company of Latham Ny Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S W Pitts Hose Company of Latham Ny Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Girls Incorporated of Memphis ($1.9m), Key Largo Volunteer Fire Department Inc ($1.9m) and Habitat for Humanity International Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $600 (0.0% of expenses). Other salaries and wages came to $282k. At year end it held assets of $6.1m against liabilities of $125k, net assets of $5.9m. It reported 20 employees.