Greenwood Hose Company No 1

Analysis

Greenwood Hose Company No 1 is a registered charity in United States, based in Moosic, PA. It received its IRS tax-exemption ruling in October 2014, 12 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, Greenwood Hose Company No 1 reported income of $262k and spending of $290k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $262k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 106% 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, Greenwood Hose Company No 1 sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Carthage Fire Department ($262k), Where to Turn Inc ($263k) and Asa-Asa Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 7.6% of the total. At year end it held assets of $1.1m against liabilities of $610k, net assets of $518k.