Is Wilmot Volunteer Fire Company Legit? —…

Quick charity verification for Wilmot Volunteer Fire Company (EIN: 20375525)

Strengths

Consistent reporting of 0% officer compensation, indicating volunteer leadership and high efficiency.
Strong asset base, consistently exceeding $600,000 in recent years, providing financial stability.
Consistent IRS 990 filings, demonstrating transparency and accountability.
Low liabilities relative to assets, indicating good financial health and minimal debt burden (e.g., $1,634 in 2023).

Spending Breakdown

How Wilmot Volunteer Fire Company 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 Wilmot Volunteer Fire Company

Is Wilmot Volunteer Fire Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Wilmot Volunteer Fire Company (EIN: 20375525) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.

Is Wilmot Volunteer Fire Company a good charity to donate to?

Wilmot Volunteer Fire Company has a Mission Score of 92/100. Revenue: $109K. Assets: $602K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Wilmot Volunteer Fire Company?

The Employer Identification Number (EIN) for Wilmot Volunteer Fire Company is 20375525. 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 Wilmot Volunteer Fire Company spend its money?

Wilmot Volunteer Fire Company allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Wilmot Volunteer Fire Company's tax-exempt status?

You can verify Wilmot Volunteer Fire Company's tax-exempt status using EIN 20375525 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 Wilmot Volunteer Fire Company demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue has fluctuated, ranging from $82,238 in 2014 to $375,785 in 2015, the organization has largely managed its expenses, often operating with a surplus or a manageable deficit. For instance, in 2023, revenue was $143,301 against expenses of $136,947, indicating sound financial management for the year. The organization's NTEE code M24 (Volunteer Fire Departments) suggests a focus on direct community service, which is typically associated with high program spending.

Spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based, directing more resources towards its mission. The latest available data shows total expenses of $136,947 in 2023. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is challenging, but the absence of paid executive compensation is a significant positive indicator of efficiency.

Transparency is high due to the consistent filing of IRS Form 990s, with 13 filings available. The consistent reporting of zero officer compensation enhances trust and transparency, showing that the organization is not diverting funds to high executive salaries. The organization's financial health, characterized by substantial assets ($651,358 in 2023) relative to its annual revenue and minimal liabilities ($1,634 in 2023), suggests a well-managed and financially prudent operation.

Is Wilmot Volunteer Fire Company Legit?

Verdict: Wilmot Volunteer Fire Company appears trustworthy

Red Flags