Is Glenville Volunteer Fire Company No 1 Inc Legit?
Quick charity verification for Glenville Volunteer Fire Company No 1 Inc (EIN: 161771782)
Verdict: Glenville Volunteer Fire Company No 1 Inc appears trustworthy
92/100Mission Score
$176KRevenue
$339KAssets
1Red Flags
5Strengths
Red Flags
Significant year-over-year revenue fluctuations could impact long-term planning and operational consistency.
Strengths
Zero liabilities reported across all filings, indicating excellent financial health.
No officer compensation, suggesting a highly volunteer-driven model and efficient use of funds.
Consistent IRS 990 filing history (13 filings) demonstrates strong transparency.
Healthy asset base ($312,839 in 2023) provides financial security.
Strong recovery in revenue in 2023 ($215,099) after a dip in previous years.
Spending Breakdown
How Glenville Volunteer Fire Company No 1 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 Glenville Volunteer Fire Company No 1 Inc
Is Glenville Volunteer Fire Company No 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenville Volunteer Fire Company No 1 Inc (EIN: 161771782) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Glenville Volunteer Fire Company No 1 Inc a good charity to donate to?
Glenville Volunteer Fire Company No 1 Inc has a Mission Score of 92/100. Revenue: $176K. Assets: $339K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glenville Volunteer Fire Company No 1 Inc?
The Employer Identification Number (EIN) for Glenville Volunteer Fire Company No 1 Inc is 161771782. 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 Glenville Volunteer Fire Company No 1 Inc spend its money?
Glenville Volunteer Fire Company No 1 Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glenville Volunteer Fire Company No 1 Inc's tax-exempt status?
You can verify Glenville Volunteer Fire Company No 1 Inc's tax-exempt status using EIN 161771782 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
Glenville Volunteer Fire Company No 1 Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities, indicating good fiscal management. The organization's revenue has fluctuated significantly over the past few years, from a low of $37,436 in 2020 to a high of $215,099 in 2023. Despite these fluctuations, the organization has maintained a healthy asset base, currently at $312,839 as of the 2023 filing, with zero liabilities reported across all available filings, which is a strong indicator of financial health and low risk. The absence of officer compensation also suggests a volunteer-driven model, enhancing public trust and ensuring more funds are directed towards the mission.
Spending efficiency appears to be a key focus, with no reported officer compensation, which is excellent for a nonprofit. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the consistent reporting of zero liabilities and a solid asset base suggests prudent financial oversight. The organization's commitment to transparency is evident through its consistent IRS 990 filings over 13 periods, providing a clear historical record of its financial activities.
Overall, Glenville Volunteer Fire Company No 1 Inc appears to be a well-managed and transparent organization. Its ability to operate without executive compensation and maintain a strong balance sheet, despite varying revenue streams, speaks to its dedication to its mission and efficient use of resources. The primary area for further analysis would be a detailed breakdown of expenses to fully assess program spending ratios.