Reliance Hose Company No 1 Inc

Analysis

Reliance Hose Company No 1 Inc is a registered charity in United States, based in Mays Landing, NJ. It received its IRS tax-exemption ruling in May 2021, 5 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, Reliance Hose Company No 1 Inc reported income of $71k and spending of $71k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $596k to $71k (-88%), an average of -51% a year. The sharpest change came in the year to December 2021, when income dropped by 91%. Over the whole period it spent 22% 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, Reliance Hose Company No 1 Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Elwood Volunteer Fire Rescue Company ($71k), Community Alliance for Teen Safety ($71k) and Richmond Volunteer Fire Department Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.2% of the total. At year end it held assets of $674k against liabilities of $56k, net assets of $618k.