Hanover Hose Co No 1

Analysis

Hanover Hose Co No 1 is a registered charity in United States, based in Silver Creek, NY. It received its IRS tax-exemption ruling in October 1995, 31 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, Hanover Hose Co No 1 reported income of $78k and spending of $101k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $82k to $78k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 91% 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, Hanover Hose Co No 1 sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Ukraine America Initiative ($78k), South Franklin Volunteer Frie Department Inc ($78k) and Connecticut State Firefighters Association Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. At year end it held assets of $370k against liabilities of $0, net assets of $370k.