Tunxis Hose Company No 1 Inc

Analysis

Tunxis Hose Company No 1 Inc is a registered charity in United States, based in Unionville, CT. It received its IRS tax-exemption ruling in November 2012, 14 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, Tunxis Hose Company No 1 Inc reported income of $187k and spending of $207k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $187k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 108% 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, Tunxis Hose Company No 1 Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include McKinleyville Volunteer Fire Department Inc ($187k), Harrisville Volunteer Fire Dept ($187k) and Community Fire Company Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $50k against liabilities of $4,746, net assets of $45k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.