Quick charity verification for Milford N J Fire Company Inc (EIN: 222287572)
Verdict: Milford N J Fire Company Inc appears trustworthy
75/100Mission Score
$602KRevenue
$1.3MAssets
2Red Flags
4Strengths
Red Flags
The organization's revenue in 2022 ($252,830) was less than its expenses ($266,690), resulting in a deficit for that year.
The Form 990-EZ limits the level of detailed financial information available compared to a full Form 990.
Strengths
Consistent asset growth over the past several years, from $836,081 in 2018 to $938,141 in 2023, demonstrates financial stability.
The organization appears to be entirely volunteer-run at the leadership level, with $0 reported for executive compensation across all filings.
Significant revenue increase in 2023 to $327,628, indicating strong recent fundraising or community support.
Maintains a healthy asset base relative to its annual revenues.
Spending Breakdown
How Milford N J Fire Company Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Milford N J Fire Company Inc
Is Milford N J Fire Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Milford N J Fire Company Inc (EIN: 222287572) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Milford N J Fire Company Inc a good charity to donate to?
Milford N J Fire Company Inc has a Mission Score of 75/100. Revenue: $602K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Milford N J Fire Company Inc?
The Employer Identification Number (EIN) for Milford N J Fire Company Inc is 222287572. 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 Milford N J Fire Company Inc spend its money?
Milford N J Fire Company Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Milford N J Fire Company Inc's tax-exempt status?
You can verify Milford N J Fire Company Inc's tax-exempt status using EIN 222287572 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
Milford N J Fire Company Inc is a public safety & disaster preparedness nonprofit based in Milford, New Jersey, with reported revenue of $602K and assets of $1.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is not reported, with all filings indicating $0 for officers, directors, trustees, and key employees, suggesting a fully volunteer-led organization. Revenue has grown +107% across 13 filing periods.