McKean Hose Company

Analysis

McKean Hose Company is a registered charity in United States, based in MC Kean, PA. It received its IRS tax-exemption ruling in March 2022, 4 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, McKean Hose Company reported income of $201k and spending of $245k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $352k to $201k (-43%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 142% 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, McKean Hose Company sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Schuylkill Hose Co No 2 of Schuylkill Haven ($201k), Duboistown Fire Department ($201k) and Wilkins Township Volunteer Fire Company No 3 ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 28% of the total. At year end it held assets of $743k against liabilities of $398k, net assets of $345k.

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.