Is Floyd Community Volunteer Firedepartment Incorporated Legit?
Quick charity verification for Floyd Community Volunteer Firedepartment Incorporated (EIN: 205391726)
Verdict: Floyd Community Volunteer Firedepartment Incorporated appears trustworthy
95/100Mission Score
$125KRevenue
$342KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth from $75,474 (2022) to $123,894 (2024).
Significant asset accumulation, growing from $94,192 (2022) to $345,797 (2024).
Zero officer compensation reported across all filings, indicating high efficiency and volunteer commitment.
Expenses consistently lower than revenue, leading to healthy surpluses.
Clear and consistent IRS 990 filing history, demonstrating transparency.
Spending Breakdown
How Floyd Community Volunteer Firedepartment Incorporated 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 Floyd Community Volunteer Firedepartment Incorporated
Is Floyd Community Volunteer Firedepartment Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Floyd Community Volunteer Firedepartment Incorporated (EIN: 205391726) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Floyd Community Volunteer Firedepartment Incorporated a good charity to donate to?
Floyd Community Volunteer Firedepartment Incorporated has a Mission Score of 95/100. Revenue: $125K. Assets: $342K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Floyd Community Volunteer Firedepartment Incorporated?
The Employer Identification Number (EIN) for Floyd Community Volunteer Firedepartment Incorporated is 205391726. 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 Floyd Community Volunteer Firedepartment Incorporated spend its money?
Floyd Community Volunteer Firedepartment Incorporated allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Floyd Community Volunteer Firedepartment Incorporated's tax-exempt status?
You can verify Floyd Community Volunteer Firedepartment Incorporated's tax-exempt status using EIN 205391726 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
Floyd Community Volunteer Firedepartment Incorporated demonstrates a stable financial position with consistent revenue growth over the past three years, from $75,474 in 2022 to $123,894 in 2024. The organization maintains a healthy asset base, growing significantly from $94,192 in 2022 to $345,797 in 2024, indicating good financial management and investment in its operational capacity. Their liabilities have fluctuated but remain manageable relative to their assets.
The organization exhibits strong spending efficiency, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2024, expenses were $75,115 against revenues of $123,894, resulting in a substantial surplus. The absence of reported officer compensation across all filings suggests a volunteer-driven model, which significantly reduces administrative overhead and maximizes funds available for programmatic activities. This structure inherently promotes high spending efficiency.
Transparency appears to be a strong suit, given the consistent filing of IRS Form 990s and the clear financial data provided. The lack of officer compensation also points to a commitment to directing resources towards the community rather than executive salaries. Overall, the organization appears financially healthy, efficient in its spending, and transparent in its operations, aligning well with its mission as a volunteer fire department.