Friendship Hook Ladder & Hose Co 2
EIN: 230604463 · Royersford, PA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $911K |
| Total Expenses | $707K |
| Net Assets | $54K |
Is Friendship Hook Ladder & Hose Co 2 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friendship Hook Ladder & Hose Co 2
Friendship Hook Ladder & Hose Co 2 (EIN: 230604463) is a nonprofit organization based in Royersford, PA, classified under NTEE code P20. The organization reported total revenue of $911K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Hook Ladder & Hose Co 2's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Hook Ladder & Hose Co 2 is a small nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $618K |
| Total Expenses | $707K |
| Surplus / Deficit | $-88,302 |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | -14.3% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2023, Friendship Hook Ladder & Hose Co 2 reported a deficit of $88K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2010–2023), Friendship Hook Ladder & Hose Co 2's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | -11.0% | -62.1% |
| 2022 | +7.7% | +7.1% | +41.1% |
| 2021 | +124.3% | +114.3% | +52.0% |
| 2020 | -50.8% | -51.3% | +164.5% |
| 2019 | -12.5% | -12.3% | -24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friendship Hook Ladder & Hose Co 2 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friendship Hook Ladder & Hose Co 2 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
Frequently Asked Questions about Friendship Hook Ladder & Hose Co 2
Is Friendship Hook Ladder & Hose Co 2 a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship Hook Ladder & Hose Co 2 (EIN: 230604463) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friendship Hook Ladder & Hose Co 2 spend its money?
Detailed spending breakdown data is not yet available for Friendship Hook Ladder & Hose Co 2. Check back for updated IRS 990 analysis.
Are donations to Friendship Hook Ladder & Hose Co 2 tax-deductible?
Friendship Hook Ladder & Hose Co 2 is registered as a tax-exempt nonprofit (EIN: 230604463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friendship Hook Ladder & Hose Co 2 located?
Friendship Hook Ladder & Hose Co 2 is headquartered in Royersford, Pennsylvania and files with the IRS under EIN 230604463. It is classified under NTEE code P20.
How many years of IRS 990 filings does Friendship Hook Ladder & Hose Co 2 have?
Friendship Hook Ladder & Hose Co 2 has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $911K in total revenue.
Filing History
IRS 990 filing history for Friendship Hook Ladder & Hose Co 2 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Friendship Hook Ladder & Hose Co 2's revenue has grown by 83.2%, moving from $337K to $618K. Total assets decreased by 92.5% over the same period, from $719K to $54K. Total functional expenses rose by 139.1%, from $295K to $707K. In its most recent filing year (2023), Friendship Hook Ladder & Hose Co 2 reported a deficit of $88K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $618K | $707K | $54K | $0 | — | — |
| 2022 | $835K | $794K | $142K | $0 | — | View 990 |
| 2021 | $776K | $741K | $101K | $0 | — | View 990 |
| 2020 | $346K | $346K | $66K | $0 | — | View 990 |
| 2019 | $702K | $710K | $25K | $0 | — | View 990 |
| 2018 | $802K | $810K | $33K | $0 | — | View 990 |
| 2017 | $891K | $895K | $40K | $0 | — | View 990 |
| 2016 | $735K | $753K | $44K | $0 | — | View 990 |
| 2015 | $735K | $740K | $62K | $0 | — | View 990 |
| 2014 | $688K | $2.5M | $67K | $0 | — | View 990 |
| 2012 | $465K | $622K | $657K | $100K | — | — |
| 2011 | $400K | $302K | $713K | $0 | — | — |
| 2010 | $337K | $295K | $719K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $618K, expenses of $707K, and assets of $54K (revenue -26.0% year-over-year).
- 2022: Revenue of $835K, expenses of $794K, and assets of $142K (revenue +7.7% year-over-year).
- 2021: Revenue of $776K, expenses of $741K, and assets of $101K (revenue +124.3% year-over-year).
- 2020: Revenue of $346K, expenses of $346K, and assets of $66K (revenue -50.8% year-over-year).
- 2019: Revenue of $702K, expenses of $710K, and assets of $25K (revenue -12.5% year-over-year).
- 2018: Revenue of $802K, expenses of $810K, and assets of $33K (revenue -9.9% year-over-year).
- 2017: Revenue of $891K, expenses of $895K, and assets of $40K (revenue +21.2% year-over-year).
- 2016: Revenue of $735K, expenses of $753K, and assets of $44K (revenue +0.0% year-over-year).
- 2015: Revenue of $735K, expenses of $740K, and assets of $62K (revenue +6.8% year-over-year).
- 2014: Revenue of $688K, expenses of $2.5M, and assets of $67K (revenue +47.9% year-over-year).
- 2012: Revenue of $465K, expenses of $622K, and assets of $657K (revenue +16.3% year-over-year).
- 2011: Revenue of $400K, expenses of $302K, and assets of $713K (revenue +18.5% year-over-year).
- 2010: Revenue of $337K, expenses of $295K, and assets of $719K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Hook Ladder & Hose Co 2:
Data Sources and Methodology
This transparency report for Friendship Hook Ladder & Hose Co 2 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.