Quick charity verification for Mahopac Volunteer Fire Department Inc (EIN: 141581281)
Verdict: Mahopac Volunteer Fire Department Inc appears trustworthy
92/100Mission Score
$2.3MRevenue
$10.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating volunteer leadership.
Significant growth in assets from $8,827,235 in 2014 to $10,754,597 in 2023.
Substantial reduction in liabilities from $3,824,480 in 2014 to $1,270,630 in 2023.
Strong financial surplus in the latest filing (202312) with revenue of $3,461,383 against expenses of $1,312,414.
Consistent filing history with 13 IRS 990s, demonstrating good compliance.
Spending Breakdown
How Mahopac Volunteer Fire Department Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Mahopac Volunteer Fire Department Inc
Is Mahopac Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mahopac Volunteer Fire Department Inc (EIN: 141581281) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Mahopac Volunteer Fire Department Inc a good charity to donate to?
Mahopac Volunteer Fire Department Inc has a Mission Score of 92/100. Revenue: $2.3M. Assets: $10.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mahopac Volunteer Fire Department Inc?
The Employer Identification Number (EIN) for Mahopac Volunteer Fire Department Inc is 141581281. 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 Mahopac Volunteer Fire Department Inc spend its money?
Mahopac 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 Mahopac Volunteer Fire Department Inc's tax-exempt status?
You can verify Mahopac Volunteer Fire Department Inc's tax-exempt status using EIN 141581281 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
The Mahopac Volunteer Fire Department Inc. demonstrates a generally stable financial position with consistent revenue streams and growing assets. In the latest filing (202312), the organization reported revenue of $3,461,383 against expenses of $1,312,414, resulting in a significant surplus. This surplus contributes to a healthy asset base, which has grown from $8,827,235 in 2014 to $10,754,597 in 2023. The organization's liabilities have also shown a positive trend, decreasing from $3,824,480 in 2014 to $1,270,630 in 2023, indicating improved financial management and reduced debt burden.
Spending efficiency appears strong, as evidenced by the substantial difference between revenue and expenses in recent years, particularly in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership model, which is a positive indicator for donor confidence and efficient use of funds. While specific program spending details are not provided in the summary data, the overall financial health points to an organization capable of sustaining its operations.
Transparency is generally good, with a consistent history of 13 IRS 990 filings. The absence of officer compensation is a key transparency point. To further enhance transparency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial, allowing for a more granular assessment of how funds are allocated to their core mission.