Gale Hose Co No 1 Inc

Analysis

Gale Hose Co No 1 Inc is a registered charity in United States, based in Galeton, PA. It received its IRS tax-exemption ruling in May 2015, 11 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, Gale Hose Co No 1 Inc reported income of $167k and spending of $160k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $167k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 82% 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, Gale Hose Co No 1 Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Burkeville Volunteer Fire Department ($167k), Overwatch Foundation ($167k) and NPTS Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $9,000 (5.6% of expenses). At year end it held assets of $942k against liabilities of $157k, net assets of $785k. It reported 3 employees.