Aetna Hose Hook and Ladder Company of Newark Delaware

Analysis

Aetna Hose Hook and Ladder Company of Newark Delaware is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Aetna Hose Hook and Ladder Company of Newark Delaware reported income of $6.5m and spending of $6.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aetna Hose Hook and Ladder Company of Newark Delaware sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within DE. Charities of a similar size with the same main cause include Bristol Home Care and Hospice Agency Inc ($6.5m), Pathway Caring for Children ($6.5m) and Healthy Mothers Healthy Babies Coalition of Palm Beach County Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.1% of the total. Other salaries and wages came to $2.7m. It paid $33k in professional fundraising fees. At year end it held assets of $8.0m against liabilities of $1.1m, net assets of $6.9m. It reported 83 employees.