Is Fire Wagon Hockey Inc Legit?

Quick charity verification for Fire Wagon Hockey Inc (EIN: 202682112)

Verdict: Fire Wagon Hockey Inc appears trustworthy

85/100Mission Score

$2.0MRevenue

$7.0MAssets

2Red Flags

5Strengths

Red Flags

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.

Strengths

Consistent revenue generation exceeding expenses (e.g., $1,962,679 revenue vs. $1,850,665 expenses in 2022)
Significant asset base ($6,996,975 in 2022)
Decreasing liabilities over time, indicating improved financial management ($5,809,387 in 2014 to $4,284,331 in 2022)
No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership model
Consistent filing of IRS Form 990s, demonstrating transparency and compliance

Spending Breakdown

How Fire Wagon Hockey Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Fire Wagon Hockey Inc

Is Fire Wagon Hockey Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Fire Wagon Hockey Inc (EIN: 202682112) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Fire Wagon Hockey Inc a good charity to donate to?

Fire Wagon Hockey Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fire Wagon Hockey Inc?

The Employer Identification Number (EIN) for Fire Wagon Hockey Inc is 202682112. 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 Fire Wagon Hockey Inc spend its money?

Fire Wagon Hockey Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fire Wagon Hockey Inc's tax-exempt status?

You can verify Fire Wagon Hockey Inc's tax-exempt status using EIN 202682112 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

Fire Wagon Hockey Inc. demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. In 2022, the organization reported revenues of $1,962,679 against expenses of $1,850,665, indicating a healthy surplus. The organization's assets have remained substantial, at $6,996,975 in 2022, though they have seen a slight decrease from a peak of $7,503,090 in 2018. Liabilities have also shown a downward trend, from $5,809,387 in 2014 to $4,284,331 in 2022, which is a positive indicator of financial stability and debt management.

The organization's spending efficiency appears strong, as evidenced by the consistent surpluses. A key aspect of their transparency is the reported 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a notable practice for a nonprofit of this size. This practice, combined with consistent filing of IRS Form 990s, points to a commitment to financial accountability.

While the provided data doesn't detail the exact breakdown of program, administrative, and fundraising expenses, the overall financial health, consistent revenue generation, and lack of reported officer compensation contribute to a positive view of their financial management and transparency. The organization's ability to maintain significant assets while reducing liabilities further strengthens this assessment.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.