Quick charity verification for Farley Volunteer Fire Department (EIN: 201758806)
Verdict: Farley Volunteer Fire Department appears trustworthy
95/100Mission Score
$99KRevenue
$542KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $136,228 in 2014 to $513,843 in 2023.
Zero liabilities reported across all filing periods, indicating strong financial solvency.
0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
Expenses consistently well below revenue, leading to healthy financial reserves.
Regular and consistent IRS 990 filings, indicating good transparency.
Spending Breakdown
How Farley Volunteer Fire Department allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Farley Volunteer Fire Department
Is Farley Volunteer Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Farley Volunteer Fire Department (EIN: 201758806) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Farley Volunteer Fire Department a good charity to donate to?
Farley Volunteer Fire Department has a Mission Score of 95/100. Revenue: $99K. Assets: $542K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farley Volunteer Fire Department?
The Employer Identification Number (EIN) for Farley Volunteer Fire Department is 201758806. 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 Farley Volunteer Fire Department spend its money?
Farley Volunteer Fire Department allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farley Volunteer Fire Department's tax-exempt status?
You can verify Farley Volunteer Fire Department's tax-exempt status using EIN 201758806 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 Farley Volunteer Fire Department demonstrates strong financial health and a clear commitment to its mission. Over the past decade, the organization has consistently grown its assets, reaching $513,843 in 2023, while maintaining zero liabilities, indicating excellent fiscal management and solvency. Their revenue streams have been somewhat variable, ranging from $63,888 in 2014 to $199,687 in 2021, but they consistently generate more revenue than expenses, allowing for asset accumulation.
The department's spending efficiency is commendable, with expenses significantly lower than revenue in most years, such as $22,059 in expenses against $85,306 in revenue in 2023. This suggests a lean operational model, likely due to its volunteer nature. The absence of officer compensation further reinforces their dedication to directing funds towards operational needs rather than administrative salaries. Their consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency.
Overall, the Farley Volunteer Fire Department appears to be a well-managed and financially sound organization, effectively utilizing its resources to serve the community. Their consistent asset growth, lack of debt, and minimal expenses relative to revenue paint a picture of a highly efficient and responsible nonprofit.