Blaney Volunteer Fire Dept
Blaney Volunteer Fire Dept consistently maintains financial surplus and growing assets with no officer compensation.
EIN: 10950716 · Elgin, SC · NTEE: M24 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $5K |
| Program Spending | 90% |
| Net Assets | $13K |
| Transparency Score | 95/100 |
Is Blaney Volunteer Fire Dept Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blaney Volunteer Fire Dept directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blaney Volunteer Fire Dept
Blaney Volunteer Fire Dept (EIN: 10950716) is a nonprofit organization based in Elgin, SC, classified under NTEE code M24. The organization reported total revenue of $8K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blaney Volunteer Fire Dept's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blaney Volunteer Fire Dept is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $5K |
| Surplus / Deficit | +$3K |
| Total Assets | $13K |
| Total Liabilities | $1 |
| Net Assets | $13K |
| Operating Margin | 33.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.2 months |
Financial Health Grade: A
In 2024, Blaney Volunteer Fire Dept reported a surplus of $3K with revenue exceeding expenses, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2022–2024), Blaney Volunteer Fire Dept's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -17.5% | +0.2% | +27.5% |
| 2023 | +64.1% | +72.8% | +81.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1260 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blaney Volunteer Fire Dept with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Blaney Volunteer Fire Dept allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation was reported across all three filing periods, indicating that the organization is likely run by volunteers, which is a positive sign for donor confidence and efficient use of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Blaney Volunteer Fire Dept:
- Consistent financial surplus: Revenue consistently exceeds expenses (e.g., $8,100 revenue vs. $5,376 expenses in 202406).
- Growing assets: Assets increased from $5,441 in 202206 to $12,619 in 202406.
- Minimal liabilities: Liabilities consistently reported as $1, indicating strong financial health.
- No officer compensation: 0% officer compensation reported across all periods, suggesting volunteer leadership and efficient use of funds.
- Strong program focus: Given the nature of a volunteer fire department and no reported fundraising expenses, it's highly probable that nearly all expenses are program-related.
Frequently Asked Questions about Blaney Volunteer Fire Dept
Is Blaney Volunteer Fire Dept a legitimate charity?
Based on AI analysis of IRS 990 filings, Blaney Volunteer Fire Dept (EIN: 10950716) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Blaney Volunteer Fire Dept spend its money?
Blaney Volunteer Fire Dept directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blaney Volunteer Fire Dept tax-deductible?
Blaney Volunteer Fire Dept is registered as a tax-exempt nonprofit (EIN: 10950716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Blaney Volunteer Fire Dept compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Blaney Volunteer Fire Dept is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blaney Volunteer Fire Dept located?
Blaney Volunteer Fire Dept is headquartered in Elgin, South Carolina and files with the IRS under EIN 10950716. It is classified under NTEE code M24.
How many years of IRS 990 filings does Blaney Volunteer Fire Dept have?
Blaney Volunteer Fire Dept has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $8K in total revenue.
Is Blaney Volunteer Fire Dept a good charity?
Based on the provided IRS 990 data, Blaney Volunteer Fire Dept appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports no officer compensation, indicating efficient use of funds and a strong volunteer base.
How has the organization's financial stability changed over time?
The organization's financial stability has consistently improved. Assets have more than doubled from $5,441 in 202206 to $12,619 in 202406, while liabilities have remained negligible at $1, demonstrating strong financial health and growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting that its leadership is entirely volunteer-based, which is a highly efficient and transparent approach to executive compensation.
Filing History
IRS 990 filing history for Blaney Volunteer Fire Dept showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Blaney Volunteer Fire Dept's revenue has grown by 35.4%, moving from $6K to $8K. Total assets increased by 131.9% over the same period, from $5K to $13K. Total functional expenses rose by 73.1%, from $3K to $5K. In its most recent filing year (2024), Blaney Volunteer Fire Dept reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $13K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8K | $5K | $13K | $1 | — | — |
| 2023 | $10K | $5K | $10K | $1 | — | View 990 |
| 2022 | $6K | $3K | $5K | $1 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $8K, expenses of $5K, and assets of $13K (revenue -17.5% year-over-year).
- 2023: Revenue of $10K, expenses of $5K, and assets of $10K (revenue +64.1% year-over-year).
- 2022: Revenue of $6K, expenses of $3K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blaney Volunteer Fire Dept:
Data Sources and Methodology
This transparency report for Blaney Volunteer Fire Dept 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.