Quick charity verification for Belmond Fire Dept Foundation (EIN: 204403842)
Verdict: Belmond Fire Dept Foundation appears trustworthy
90/100Mission Score
$83KRevenue
$752KAssets
2Red Flags
5Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $1,064,355 in 2018 to $61,206 in 2023)
Expenses exceeded revenue in 2019 ($598,341 expenses vs. $177,651 revenue) and 2020 ($151,726 expenses vs. $73,178 revenue), leading to asset reduction in those periods.
Strengths
Consistent growth in assets over the last three years ($668,616 in 2021 to $718,078 in 2023).
Zero reported liabilities across all six filing periods, indicating strong financial health.
0% officer compensation, demonstrating a highly volunteer-driven and efficient leadership structure.
Consistent filing of IRS Form 990s, indicating good transparency.
Generally low expenses relative to revenue in recent years (e.g., $26,260 expenses vs. $61,206 revenue in 2023).
Spending Breakdown
How Belmond Fire Dept Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Belmond Fire Dept Foundation
Is Belmond Fire Dept Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Belmond Fire Dept Foundation (EIN: 204403842) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Belmond Fire Dept Foundation a good charity to donate to?
Belmond Fire Dept Foundation has a Mission Score of 90/100. Revenue: $83K. Assets: $752K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Belmond Fire Dept Foundation?
The Employer Identification Number (EIN) for Belmond Fire Dept Foundation is 204403842. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Belmond Fire Dept Foundation spend its money?
Belmond Fire Dept Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Belmond Fire Dept Foundation's tax-exempt status?
You can verify Belmond Fire Dept Foundation's tax-exempt status using EIN 204403842 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Belmond Fire Dept Foundation demonstrates consistent financial stability with growing assets and no reported liabilities across all available filings. While revenue has fluctuated significantly over the past six years, from a high of $1,064,355 in 2018 to $61,206 in 2023, the organization has maintained a healthy asset base, reaching $718,078 in 2023. The foundation's expenses have generally been well below its revenue in recent years, indicating sound financial management, with the exception of 2019 and 2020 where expenses exceeded revenue. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator of efficiency and dedication to mission. The organization's transparency is high given the consistent filing of IRS Form 990s and the clear reporting of financial metrics.