Bear Grass Fire Rescue Inc
EIN: 561310519 · Williamston, NC
Is Bear Grass Fire Rescue Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bear Grass Fire Rescue Inc
Bear Grass Fire Rescue Inc (EIN: 561310519) is a nonprofit organization based in Williamston, NC. The organization reported total revenue of $195K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bear Grass Fire Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bear Grass Fire Rescue Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $538K |
| Total Expenses | $284K |
| Surplus / Deficit | +$254K |
| Total Assets | $1.3M |
| Total Liabilities | $205K |
| Net Assets | $1.1M |
| Operating Margin | 47.3% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 55.5 months |
Financial Health Grade: A
In 2023, Bear Grass Fire Rescue Inc reported a surplus of $254K with revenue exceeding expenses, holds 55.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Bear Grass Fire Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +131.5% | +67.8% | +21.4% |
| 2022 | -6.1% | +49.9% | +4.0% |
| 2021 | +7.6% | -17.5% | +58.8% |
| 2020 | +56.4% | +38.0% | +16.6% |
| 2019 | +2.2% | +7.3% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bear Grass Fire Rescue Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bear Grass Fire Rescue Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $254K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Frequently Asked Questions about Bear Grass Fire Rescue Inc
Is Bear Grass Fire Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bear Grass Fire Rescue Inc (EIN: 561310519) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bear Grass Fire Rescue Inc spend its money?
Detailed spending breakdown data is not yet available for Bear Grass Fire Rescue Inc. Check back for updated IRS 990 analysis.
Are donations to Bear Grass Fire Rescue Inc tax-deductible?
Bear Grass Fire Rescue Inc is registered as a tax-exempt nonprofit (EIN: 561310519). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bear Grass Fire Rescue Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Bear Grass Fire Rescue Inc's revenue has grown by 377.5%, moving from $113K to $538K. Total assets increased by 237.6% over the same period, from $389K to $1.3M. Total functional expenses rose by 165.9%, from $107K to $284K. In its most recent filing year (2023), Bear Grass Fire Rescue Inc reported a surplus of $254K, with revenue exceeding expenses. The organization holds $205K in liabilities against $1.3M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $538K | $284K | $1.3M | $205K | — | — |
| 2022 | $232K | $169K | $1.1M | $228K | — | View 990 |
| 2021 | $247K | $113K | $1.0M | $250K | — | — |
| 2020 | $230K | $137K | $654K | $0 | — | View 990 |
| 2019 | $147K | $99K | $561K | $0 | — | View 990 |
| 2018 | $144K | $92K | $522K | $9K | — | View 990 |
| 2017 | $133K | $100K | $490K | $28K | — | View 990 |
| 2016 | $126K | $127K | $480K | $52K | — | View 990 |
| 2015 | $124K | $113K | $483K | $70K | — | View 990 |
| 2014 | $130K | $99K | $494K | $93K | — | View 990 |
| 2013 | $99K | $117K | $370K | $0 | — | View 990 |
| 2012 | $113K | $107K | $389K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $538K, expenses of $284K, and assets of $1.3M (revenue +131.5% year-over-year).
- 2022: Revenue of $232K, expenses of $169K, and assets of $1.1M (revenue -6.1% year-over-year).
- 2021: Revenue of $247K, expenses of $113K, and assets of $1.0M (revenue +7.6% year-over-year).
- 2020: Revenue of $230K, expenses of $137K, and assets of $654K (revenue +56.4% year-over-year).
- 2019: Revenue of $147K, expenses of $99K, and assets of $561K (revenue +2.2% year-over-year).
- 2018: Revenue of $144K, expenses of $92K, and assets of $522K (revenue +7.9% year-over-year).
- 2017: Revenue of $133K, expenses of $100K, and assets of $490K (revenue +5.4% year-over-year).
- 2016: Revenue of $126K, expenses of $127K, and assets of $480K (revenue +2.0% year-over-year).
- 2015: Revenue of $124K, expenses of $113K, and assets of $483K (revenue -4.8% year-over-year).
- 2014: Revenue of $130K, expenses of $99K, and assets of $494K (revenue +31.6% year-over-year).
- 2013: Revenue of $99K, expenses of $117K, and assets of $370K (revenue -12.1% year-over-year).
- 2012: Revenue of $113K, expenses of $107K, and assets of $389K.
Data Sources and Methodology
This transparency report for Bear Grass Fire Rescue Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.