Healthy asset base consistently above $400,000, providing financial stability.
Positive net income in most recent years (e.g., $92,058 revenue vs. $70,986 expenses in 2023).
Long and consistent IRS 990 filing history (14 filings), demonstrating transparency.
Stable revenue generation over the past decade, averaging around $77,000 annually.
Spending Breakdown
How Colome Volunteer Fire Department Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Colome Volunteer Fire Department Inc
Is Colome Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colome Volunteer Fire Department Inc (EIN: 161741555) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Colome Volunteer Fire Department Inc a good charity to donate to?
Colome Volunteer Fire Department Inc has a Mission Score of 90/100. Revenue: $80K. Assets: $405K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colome Volunteer Fire Department Inc?
The Employer Identification Number (EIN) for Colome Volunteer Fire Department Inc is 161741555. 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 Colome Volunteer Fire Department Inc spend its money?
Colome Volunteer Fire Department Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colome Volunteer Fire Department Inc's tax-exempt status?
You can verify Colome Volunteer Fire Department Inc's tax-exempt status using EIN 161741555 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 Colome Volunteer Fire Department Inc demonstrates consistent financial activity typical for a small, local volunteer organization. Over the past decade, its annual revenue has fluctuated, averaging around $77,000, with expenses generally tracking closely to revenue. For instance, in 2023, revenue was $92,058 against expenses of $70,986, indicating a surplus. The organization maintains a healthy asset base, consistently above $400,000, which is substantial given its revenue size, suggesting good long-term financial stability. Liabilities have shown some fluctuation but are manageable relative to assets.
Spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings, indicating a truly volunteer-driven leadership. This significantly reduces administrative overhead. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't provided in the summary data, the absence of paid officers suggests a high proportion of funds are likely directed towards its mission. The organization's consistent filing history over 14 periods also points to a commitment to transparency.
Overall, the Colome Volunteer Fire Department Inc appears to be a financially stable and efficiently run organization, effectively managing its resources to support its community service. Its reliance on volunteer leadership is a key factor in its operational efficiency and ability to direct resources to its core mission.