Perry Hi Way Hose Co Inc
EIN: 251318438 · Erie, PA
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Net Assets | $7.0M |
Is Perry Hi Way Hose Co Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Perry Hi Way Hose Co Inc
Perry Hi Way Hose Co Inc (EIN: 251318438) is a nonprofit organization based in Erie, PA. The organization reported total revenue of $2.1M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perry Hi Way Hose Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perry Hi Way Hose Co Inc is a mid-size nonprofit that has been operating for 67 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$166K |
| Total Assets | $7.0M |
| Net Assets | $7.0M |
| Operating Margin | 8.0% |
| Months of Reserves | 43.9 months |
Financial Health Grade: A
In 2024, Perry Hi Way Hose Co Inc reported a surplus of $166K with revenue exceeding expenses, holds 43.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Perry Hi Way Hose Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.2% | +9.0% | +2.4% |
| 2023 | -4.5% | +11.2% | +1.0% |
| 2022 | +12.6% | +13.6% | +5.1% |
| 2021 | +1.2% | -1.9% | +5.0% |
| 2020 | +42.8% | +13.8% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Perry Hi Way Hose Co Inc 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 Perry Hi Way Hose Co Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $166K, with revenue exceeding expenses.
Frequently Asked Questions about Perry Hi Way Hose Co Inc
Is Perry Hi Way Hose Co Inc a legitimate charity?
Perry Hi Way Hose Co Inc (EIN: 251318438) is a registered tax-exempt nonprofit based in Pennsylvania. It has 14 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: A.
How does Perry Hi Way Hose Co Inc spend its money?
Perry Hi Way Hose Co Inc reported $2.1M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Perry Hi Way Hose Co Inc tax-deductible?
Perry Hi Way Hose Co Inc is registered as a tax-exempt nonprofit (EIN: 251318438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Perry Hi Way Hose Co Inc located?
Perry Hi Way Hose Co Inc is headquartered in Erie, Pennsylvania and files with the IRS under EIN 251318438.
How many years of IRS 990 filings does Perry Hi Way Hose Co Inc have?
Perry Hi Way Hose Co Inc 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Perry Hi Way Hose Co Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Perry Hi Way Hose Co Inc's revenue has grown by 164.1%, moving from $787K to $2.1M. Total assets increased by 26.4% over the same period, from $5.5M to $7.0M. Total functional expenses rose by 152.3%, from $758K to $1.9M. In its most recent filing year (2024), Perry Hi Way Hose Co Inc reported a surplus of $166K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.1M | $1.9M | $7.0M | $0 | — | View 990 |
| 2023 | $1.8M | $1.8M | $6.8M | $0 | — | — |
| 2022 | $1.9M | $1.6M | $6.8M | $0 | — | View 990 |
| 2021 | $1.7M | $1.4M | $6.4M | $3K | — | — |
| 2020 | $1.7M | $1.4M | $6.1M | $3K | — | View 990 |
| 2019 | $1.2M | $1.2M | $5.9M | $53K | — | View 990 |
| 2018 | $1.6M | $1.6M | $6.0M | $100K | — | — |
| 2017 | $1.2M | $1.2M | $6.1M | $200K | — | View 990 |
| 2016 | $808K | $670K | $5.9M | $0 | — | View 990 |
| 2015 | $730K | $674K | $5.8M | $0 | — | View 990 |
| 2014 | $715K | $777K | $5.7M | $0 | — | View 990 |
| 2013 | $796K | $691K | $5.8M | $0 | — | View 990 |
| 2012 | $798K | $642K | $5.7M | $0 | — | View 990 |
| 2011 | $787K | $758K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.1M, expenses of $1.9M, and assets of $7.0M (revenue +14.2% year-over-year).
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $6.8M (revenue -4.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.6M, and assets of $6.8M (revenue +12.6% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $6.4M (revenue +1.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.4M, and assets of $6.1M (revenue +42.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $5.9M (revenue -27.1% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $6.0M (revenue +34.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $6.1M (revenue +47.6% year-over-year).
- 2016: Revenue of $808K, expenses of $670K, and assets of $5.9M (revenue +10.7% year-over-year).
- 2015: Revenue of $730K, expenses of $674K, and assets of $5.8M (revenue +2.1% year-over-year).
- 2014: Revenue of $715K, expenses of $777K, and assets of $5.7M (revenue -10.1% year-over-year).
- 2013: Revenue of $796K, expenses of $691K, and assets of $5.8M (revenue -0.3% year-over-year).
- 2012: Revenue of $798K, expenses of $642K, and assets of $5.7M (revenue +1.4% year-over-year).
- 2011: Revenue of $787K, expenses of $758K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perry Hi Way Hose Co Inc:
Data Sources and Methodology
This transparency report for Perry Hi Way Hose Co Inc 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.