Worchester Hose Company Inc

Analysis

Worchester Hose Company Inc is a registered charity in United States, based in Worcester, NY. It received its IRS tax-exemption ruling in June 2009, 17 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, Worchester Hose Company Inc reported income of $63k and spending of $92k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $63k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 102% 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, Worchester Hose Company Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Arizona Search Dogs Inc ($63k), Boonville Fire Company Inc ($63k) and Central Lakes Community Organization & Fire Dept ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $651k against liabilities of $0, net assets of $651k.