Is Highmore Volunteer Fire Dept Inc Legit?

Quick charity verification for Highmore Volunteer Fire Dept Inc (EIN: 20672951)

Verdict: Highmore Volunteer Fire Dept Inc appears trustworthy

95/100Mission Score
$229KRevenue
$1.1MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

The Highmore Volunteer Fire Dept Inc demonstrates strong financial health and efficient spending, consistently operating with a surplus in recent years. For example, in 2023, revenue was $231,036 against expenses of $112,335, indicating a significant reinvestment into assets or reserves. The organization's assets have shown consistent growth, increasing from $604,715 in 2014 to $953,167 in 2023, suggesting sound financial management and capacity building. The organization's spending efficiency is commendable, with expenses consistently well below revenue, allowing for asset accumulation. The absence of reported liabilities across all filings further underscores a robust financial position. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of zero officer compensation, which indicates that leadership is volunteer-based, aligning well with its mission as a volunteer fire department.

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Disclaimer

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

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