Quick charity verification for Gordons Corner Fire Co (EIN: 220024179)
Verdict: Gordons Corner Fire Co appears trustworthy
85/100Mission Score
$196KRevenue
$1.2MAssets
1Red Flags
4Strengths
Red Flags
Operating deficits in multiple recent years (e.g., $71,929 in 2023, $27,193 in 2022) suggest reliance on reserves or inconsistent revenue streams.
Strengths
Strong asset base ($1,243,369 in 2023) provides financial stability and long-term capacity.
No officer compensation reported across all filings, indicating a volunteer-driven model and efficient use of funds.
Consistent IRS 990 filing history demonstrates transparency and compliance.
Significant reduction in liabilities from $466,521 in 2018 to $178,462 in 2023, improving financial leverage.
Spending Breakdown
How Gordons Corner Fire Co 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 Gordons Corner Fire Co
Is Gordons Corner Fire Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Gordons Corner Fire Co (EIN: 220024179) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Gordons Corner Fire Co a good charity to donate to?
Gordons Corner Fire Co has a Mission Score of 85/100. Revenue: $196K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gordons Corner Fire Co?
The Employer Identification Number (EIN) for Gordons Corner Fire Co is 220024179. 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 Gordons Corner Fire Co spend its money?
Gordons Corner Fire Co allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gordons Corner Fire Co's tax-exempt status?
You can verify Gordons Corner Fire Co's tax-exempt status using EIN 220024179 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
Gordons Corner Fire Co, a volunteer fire department, demonstrates consistent financial operations over the past decade. While the organization experienced a deficit in 2023, with expenses of $251,233 exceeding revenue of $179,304, this is not an isolated incident, as deficits were also observed in 2022, 2016, 2015, and 2014. Despite these fluctuations in annual operating results, the organization maintains a strong asset base, with $1,243,369 in assets as of 2023, significantly outweighing its liabilities of $178,462. This indicates a healthy long-term financial position and capacity to fulfill its mission.
The organization's transparency is high, as evidenced by its consistent filing of IRS Form 990s over 13 periods, with no reported officer compensation, which is typical for volunteer fire companies. The NTEE code M24 (Volunteer Fire Departments) aligns with its stated purpose. The lack of detailed expense breakdowns in the provided data prevents a precise assessment of spending efficiency between programs, administration, and fundraising. However, the absence of officer compensation suggests that a significant portion of resources is likely directed towards operational expenses directly supporting fire and emergency services.