Is Anglesea Fire Company No 1 Legit?

Anglesea Fire Company No 1 demonstrates consistent financial operations typical of a volunteer fire department. Over the past several years, the organization has maintained a stable asset base, generally exceeding $1 million, with total assets reported at $1,047,374 in 2023. Revenue and expenses fluctuate year-to-year, with 2023 showing expenses ($232,517) exceeding revenue ($172,122), resulting in a deficit for that period. This trend of expenses occasionally surpassing revenue is observed in multiple years (e.g., 2022, 2020, 2017), suggesting reliance on accumulated reserves or other funding mechanisms to cover operational costs. The organization's spending efficiency appears to be focused on its core mission, as indicated by the 0% officer compensation across all reported periods. This suggests that the leadership is volunteer-based, which is common for fire companies and contributes to lower administrative overhead. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to ascertain, but the absence of paid officers is a positive indicator for resource allocation. The organization's liabilities have shown a general downward trend from a high of $521,792 in 2014 to $56,615 in 2023, indicating responsible financial management in reducing debt. Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The consistent reporting of 0% officer compensation is a clear sign of volunteer leadership, which enhances trust. However, the lack of NTEE code information and a detailed functional expense breakdown in the provided data limits a deeper analysis of specific program spending versus administrative or fundraising costs. Overall, the financial health appears stable, supported by significant assets and a declining liability trend, despite periodic operational deficits.