Elgin Beaverdam Hose Company

Analysis

Elgin Beaverdam Hose Company is a registered charity in United States, based in Elgin, PA. It received its IRS tax-exemption ruling in December 2003, 23 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, Elgin Beaverdam Hose Company reported income of $76k and spending of $101k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $76k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 150% 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, Elgin Beaverdam Hose Company 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 28th percentile within PA. Charities of a similar size with the same main cause include Craytonville Fire Department Inc ($76k), Mountain View Fire and Safety Association Inc ($76k) and Lands End Volunteer Fire Department ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 14% of the total. At year end it held assets of $499k against liabilities of $60k, net assets of $439k.