Is Cundys Harbor Volunteer Fire Department Inc Legit?
Quick charity verification for Cundys Harbor Volunteer Fire Department Inc (EIN: 16015203)
Verdict: Cundys Harbor Volunteer Fire Department Inc appears trustworthy
92/100Mission Score
$382KRevenue
$667KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $129,986 in 2020 to $262,259 in 2023.
Zero officer compensation reported across all filings, indicating a volunteer-driven model and efficient use of funds.
Strong asset growth, with assets increasing from $444,976 in 2020 to $506,515 in 2023.
No reported liabilities in recent years (2022 and 2023), demonstrating excellent financial management.
Expenses generally below revenue in recent periods, leading to a healthy financial surplus.
Spending Breakdown
How Cundys Harbor 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 Cundys Harbor Volunteer Fire Department Inc
Is Cundys Harbor Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cundys Harbor Volunteer Fire Department Inc (EIN: 16015203) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Cundys Harbor Volunteer Fire Department Inc a good charity to donate to?
Cundys Harbor Volunteer Fire Department Inc has a Mission Score of 92/100. Revenue: $382K. Assets: $667K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cundys Harbor Volunteer Fire Department Inc?
The Employer Identification Number (EIN) for Cundys Harbor Volunteer Fire Department Inc is 16015203. 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 Cundys Harbor Volunteer Fire Department Inc spend its money?
Cundys Harbor 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 Cundys Harbor Volunteer Fire Department Inc's tax-exempt status?
You can verify Cundys Harbor Volunteer Fire Department Inc's tax-exempt status using EIN 16015203 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
Cundys Harbor Volunteer Fire Department Inc demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization has shown a positive trend in revenue growth over the past few years, with revenue increasing from $129,986 in 2020 to $262,259 in 2023. This growth has allowed the department to increase its assets, which stood at $506,515 in 2023, up from $444,976 in 2020. The organization consistently reports 0% officer compensation, indicating a strong volunteer-driven model and efficient use of funds directly for operational expenses rather than executive salaries. The absence of liabilities in recent years (2022 and 2023) further underscores sound financial management and a healthy balance sheet.
The department's spending efficiency appears robust, with expenses generally aligning with or slightly below revenue in recent periods, suggesting responsible budgeting and resource allocation. For instance, in 2023, expenses were $204,492 against revenues of $262,259, resulting in a surplus that contributes to asset growth. The consistent reporting of zero officer compensation is a significant indicator of transparency and a focus on direct program delivery, which is typical for volunteer-led emergency services. While specific program, administrative, and fundraising breakdowns are not explicitly detailed in the provided summary, the overall financial health and lack of executive compensation suggest a high degree of program focus.