Is Glenwood Volunteer Fire Department Inc…

Quick charity verification for Glenwood Volunteer Fire Department Inc (EIN: 203011561)

Strengths

0% Officer Compensation: All officers are volunteers, ensuring funds are directed to the mission.
Consistent Asset Growth: Assets increased from $131,292 in 2019 to $248,161 in 2023, indicating financial health and capacity building.
Stable Revenue Stream: Annual revenues consistently above $100,000 in recent years, demonstrating community support.
Effective Liability Management: Liabilities reduced from $38,193 in 2021 to $18,194 in 2023.
Long Filing History: 13 filings provide extensive financial transparency and historical data.

Spending Breakdown

How Glenwood Volunteer Fire Department Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Glenwood Volunteer Fire Department Inc

Is Glenwood Volunteer Fire Department Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Glenwood Volunteer Fire Department Inc (EIN: 203011561) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Glenwood Volunteer Fire Department Inc a good charity to donate to?

Glenwood Volunteer Fire Department Inc has a Mission Score of 92/100. Revenue: $152K. Assets: $280K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Glenwood Volunteer Fire Department Inc?

The Employer Identification Number (EIN) for Glenwood Volunteer Fire Department Inc is 203011561. 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 Glenwood Volunteer Fire Department Inc spend its money?

Glenwood Volunteer Fire Department Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Glenwood Volunteer Fire Department Inc's tax-exempt status?

You can verify Glenwood Volunteer Fire Department Inc's tax-exempt status using EIN 203011561 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

Glenwood Volunteer Fire Department Inc demonstrates consistent financial operations typical for a small volunteer organization. Over the past five years (2019-2023), revenues have fluctuated but generally trended upwards, from $92,890 in 2019 to $118,256 in 2023, indicating stable community support. Expenses have also varied, with the organization operating at a surplus in most years, such as in 2023 where revenue of $118,256 exceeded expenses of $90,062, contributing to asset growth. The organization's assets have steadily increased from $131,292 in 2019 to $248,161 in 2023, suggesting sound financial management and reinvestment in its operational capacity.

The organization's financial health appears stable, with a healthy asset base relative to its annual revenue. Liabilities have remained manageable, peaking at $38,193 in 2021 but reducing to $18,194 by 2023, indicating responsible debt management. A significant strength is the reported 0% officer compensation across all available filings, which strongly suggests that all funds are directed towards operational expenses and community service, enhancing its spending efficiency and demonstrating a high level of volunteerism. This commitment to volunteer leadership is a strong indicator of a mission-driven approach.

Transparency is high given the consistent filing of IRS Form 990s over many years, providing a clear historical financial record. The absence of officer compensation further simplifies financial scrutiny and reinforces trust. While specific program spending details are not provided in the summary data, the nature of a volunteer fire department implies that the vast majority of expenses are directly related to its core mission of public safety. The consistent growth in assets, coupled with no executive compensation, points to a well-managed and efficient operation focused on its community.

Is Glenwood Volunteer Fire Department Inc Legit?

Verdict: Glenwood Volunteer Fire Department Inc appears trustworthy