Mifflinburg Hose Company 1
Mifflinburg Hose Company 1 maintains strong financial health with consistent surpluses and zero officer compensation.
EIN: 161654889 · Mifflinburg, PA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $563K |
| Total Expenses | $236K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.5M |
| Transparency Score | 95/100 |
Is Mifflinburg Hose Company 1 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mifflinburg Hose Company 1 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mifflinburg Hose Company 1
Mifflinburg Hose Company 1 (EIN: 161654889) is a nonprofit organization based in Mifflinburg, PA, classified under NTEE code M24. The organization reported total revenue of $563K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mifflinburg Hose Company 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mifflinburg Hose Company 1 is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $236K |
| Surplus / Deficit | +$147K |
| Total Assets | $1.6M |
| Total Liabilities | $136K |
| Net Assets | $1.5M |
| Operating Margin | 38.3% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 80.6 months |
Financial Health Grade: A
In 2023, Mifflinburg Hose Company 1 reported a surplus of $147K with revenue exceeding expenses, holds 80.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mifflinburg Hose Company 1's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.5% | -7.2% | +9.4% |
| 2022 | +78.9% | -14.4% | -8.8% |
| 2021 | -22.3% | +8.1% | -4.8% |
| 2020 | +81.9% | -4.5% | +30.3% |
| 2019 | -9.0% | -7.8% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mifflinburg Hose Company 1 with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mifflinburg Hose Company 1 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $147K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is run by volunteers and allocates all funds directly to its operations and mission, which is highly commendable for an organization of its size with assets nearing $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mifflinburg Hose Company 1:
- Consistent financial surpluses, such as $383,083 revenue against $236,451 expenses in 2023.
- Zero officer compensation reported across all 14 filings, indicating volunteer leadership and efficient fund allocation.
- Healthy growth in assets from $1,012,614 in 2014 to $1,587,384 in 2023, demonstrating financial stability and capacity.
- Long history of consistent IRS 990 filings (14 filings), indicating strong transparency and accountability.
- Low liabilities relative to assets, with liabilities of $136,144 against assets of $1,587,384 in 2023.
Frequently Asked Questions about Mifflinburg Hose Company 1
Is Mifflinburg Hose Company 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Mifflinburg Hose Company 1 (EIN: 161654889) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Mifflinburg Hose Company 1 spend its money?
Mifflinburg Hose Company 1 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mifflinburg Hose Company 1 tax-deductible?
Mifflinburg Hose Company 1 is registered as a tax-exempt nonprofit (EIN: 161654889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mifflinburg Hose Company 1 CEO make?
Mifflinburg Hose Company 1's highest-compensated officer earns $2 annually. The organization reported $563K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Mifflinburg Hose Company 1 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Mifflinburg Hose Company 1 is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mifflinburg Hose Company 1 located?
Mifflinburg Hose Company 1 is headquartered in Mifflinburg, Pennsylvania and files with the IRS under EIN 161654889. It is classified under NTEE code M24.
How many years of IRS 990 filings does Mifflinburg Hose Company 1 have?
Mifflinburg Hose Company 1 has 14 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 $563K in total revenue.
Is Mifflinburg Hose Company 1 a good charity?
Based on the provided financial data, Mifflinburg Hose Company 1 appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating efficient use of funds and strong volunteer support.
How has Mifflinburg Hose Company 1's financial health changed over time?
Mifflinburg Hose Company 1 has shown consistent financial health, with assets growing from $1,012,614 in 2014 to $1,587,384 in 2023. While revenue has fluctuated, the organization has generally maintained a healthy surplus, especially in recent years (e.g., $383,083 revenue vs. $236,451 expenses in 2023).
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership serves on a volunteer basis. This is a strong positive for financial efficiency and mission focus.
Filing History
IRS 990 filing history for Mifflinburg Hose Company 1 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mifflinburg Hose Company 1's revenue has grown by 86.5%, moving from $205K to $383K. Total assets increased by 170.8% over the same period, from $586K to $1.6M. Total functional expenses rose by 14.5%, from $207K to $236K. In its most recent filing year (2023), Mifflinburg Hose Company 1 reported a surplus of $147K, with revenue exceeding expenses. The organization holds $136K in liabilities against $1.6M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $236K | $1.6M | $136K | — | — |
| 2022 | $644K | $255K | $1.5M | $146K | — | — |
| 2021 | $360K | $298K | $1.6M | $281K | — | View 990 |
| 2020 | $463K | $275K | $1.7M | $298K | — | View 990 |
| 2019 | $255K | $288K | $1.3M | $318K | — | View 990 |
| 2018 | $280K | $313K | $1.3M | $318K | — | View 990 |
| 2017 | $258K | $288K | $1.4M | $337K | — | View 990 |
| 2016 | $260K | $289K | $1.4M | $354K | — | View 990 |
| 2015 | $283K | $190K | $1.3M | $195K | — | View 990 |
| 2014 | $396K | $181K | $1.0M | $104 | — | View 990 |
| 2013 | $277K | $188K | $798K | $0 | — | View 990 |
| 2012 | $139K | $155K | $562K | $0 | — | View 990 |
| 2011 | $170K | $174K | $578K | $0 | — | View 990 |
| 2010 | $205K | $207K | $586K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $383K, expenses of $236K, and assets of $1.6M (revenue -40.5% year-over-year).
- 2022: Revenue of $644K, expenses of $255K, and assets of $1.5M (revenue +78.9% year-over-year).
- 2021: Revenue of $360K, expenses of $298K, and assets of $1.6M (revenue -22.3% year-over-year).
- 2020: Revenue of $463K, expenses of $275K, and assets of $1.7M (revenue +81.9% year-over-year).
- 2019: Revenue of $255K, expenses of $288K, and assets of $1.3M (revenue -9.0% year-over-year).
- 2018: Revenue of $280K, expenses of $313K, and assets of $1.3M (revenue +8.4% year-over-year).
- 2017: Revenue of $258K, expenses of $288K, and assets of $1.4M (revenue -0.8% year-over-year).
- 2016: Revenue of $260K, expenses of $289K, and assets of $1.4M (revenue -8.0% year-over-year).
- 2015: Revenue of $283K, expenses of $190K, and assets of $1.3M (revenue -28.6% year-over-year).
- 2014: Revenue of $396K, expenses of $181K, and assets of $1.0M (revenue +42.9% year-over-year).
- 2013: Revenue of $277K, expenses of $188K, and assets of $798K (revenue +99.2% year-over-year).
- 2012: Revenue of $139K, expenses of $155K, and assets of $562K (revenue -18.4% year-over-year).
- 2011: Revenue of $170K, expenses of $174K, and assets of $578K (revenue -17.0% year-over-year).
- 2010: Revenue of $205K, expenses of $207K, and assets of $586K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mifflinburg Hose Company 1:
Data Sources and Methodology
This transparency report for Mifflinburg Hose Company 1 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.