Excelsior Hose Co

Analysis

Excelsior Hose Co is a registered charity in United States, based in Duryea, PA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, Excelsior Hose Co reported income of $117k and spending of $66k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $117k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Excelsior Hose Co sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include East Beach Association ($117k), PTA California Congress of Parents Teachers & Students Inc ($117k) and Little League Baseball Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $157k against liabilities of $347k, net assets of -$190k.