Bloxom Volunteer Fire Company Inc
EIN: 541389465 · Bloxom, VA · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $436K |
| Net Assets | $904K |
Is Bloxom Volunteer Fire Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bloxom Volunteer Fire Company Inc
Bloxom Volunteer Fire Company Inc (EIN: 541389465) is a nonprofit organization based in Bloxom, VA, classified under NTEE code M24. The organization reported total revenue of $317K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloxom Volunteer Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloxom Volunteer Fire Company Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $436K |
| Surplus / Deficit | $-68,858 |
| Total Assets | $1.7M |
| Total Liabilities | $819K |
| Net Assets | $904K |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 47.5% |
| Months of Reserves | 47.5 months |
Financial Health Grade: B
In 2023, Bloxom Volunteer Fire Company Inc reported a deficit of $69K with expenses exceeding revenue, holds 47.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bloxom Volunteer Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | +25.9% | -8.1% |
| 2022 | +55.5% | -6.7% | +23.0% |
| 2021 | -23.1% | -11.8% | -8.0% |
| 2020 | -27.7% | +8.5% | -8.7% |
| 2019 | +27.8% | +1.0% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bloxom Volunteer Fire Company 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 Bloxom Volunteer Fire Company 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 deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.5%.
Frequently Asked Questions about Bloxom Volunteer Fire Company Inc
Is Bloxom Volunteer Fire Company Inc a legitimate charity?
Bloxom Volunteer Fire Company Inc (EIN: 541389465) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $317K. No red flags identified. Financial health grade: B.
How does Bloxom Volunteer Fire Company Inc spend its money?
Bloxom Volunteer Fire Company Inc reported $317K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bloxom Volunteer Fire Company Inc tax-deductible?
Bloxom Volunteer Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 541389465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bloxom Volunteer Fire Company Inc located?
Bloxom Volunteer Fire Company Inc is headquartered in Bloxom, Virginia and files with the IRS under EIN 541389465. It is classified under NTEE code M24.
How many years of IRS 990 filings does Bloxom Volunteer Fire Company Inc have?
Bloxom Volunteer Fire Company Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $317K in total revenue.
Filing History
IRS 990 filing history for Bloxom Volunteer Fire Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bloxom Volunteer Fire Company Inc's revenue has grown by 6.4%, moving from $345K to $367K. Total assets increased by 2277% over the same period, from $73K to $1.7M. Total functional expenses rose by 0.4%, from $434K to $436K. In its most recent filing year (2023), Bloxom Volunteer Fire Company Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $819K in liabilities against $1.7M in assets (debt-to-asset ratio: 47.5%), resulting in net assets of $904K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $436K | $1.7M | $819K | — | — |
| 2022 | $394K | $346K | $1.9M | $903K | — | View 990 |
| 2021 | $253K | $371K | $1.5M | $600K | — | View 990 |
| 2020 | $329K | $420K | $1.7M | $656K | — | — |
| 2019 | $455K | $387K | $1.8M | $723K | — | View 990 |
| 2018 | $356K | $384K | $1.7M | $674K | — | View 990 |
| 2017 | $330K | $364K | $1.8M | $723K | — | — |
| 2016 | $532K | $420K | $1.9M | $796K | — | View 990 |
| 2015 | $401K | $420K | $2.0M | $979K | — | View 990 |
| 2014 | $352K | $501K | $1.9M | $893K | — | View 990 |
| 2013 | $550K | $399K | $2.0M | $906K | — | View 990 |
| 2012 | $625K | $304K | $1.6M | $601K | — | View 990 |
| 2011 | $345K | $434K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $367K, expenses of $436K, and assets of $1.7M (revenue -6.9% year-over-year).
- 2022: Revenue of $394K, expenses of $346K, and assets of $1.9M (revenue +55.5% year-over-year).
- 2021: Revenue of $253K, expenses of $371K, and assets of $1.5M (revenue -23.1% year-over-year).
- 2020: Revenue of $329K, expenses of $420K, and assets of $1.7M (revenue -27.7% year-over-year).
- 2019: Revenue of $455K, expenses of $387K, and assets of $1.8M (revenue +27.8% year-over-year).
- 2018: Revenue of $356K, expenses of $384K, and assets of $1.7M (revenue +8.0% year-over-year).
- 2017: Revenue of $330K, expenses of $364K, and assets of $1.8M (revenue -38.0% year-over-year).
- 2016: Revenue of $532K, expenses of $420K, and assets of $1.9M (revenue +32.6% year-over-year).
- 2015: Revenue of $401K, expenses of $420K, and assets of $2.0M (revenue +13.9% year-over-year).
- 2014: Revenue of $352K, expenses of $501K, and assets of $1.9M (revenue -35.9% year-over-year).
- 2013: Revenue of $550K, expenses of $399K, and assets of $2.0M (revenue -12.0% year-over-year).
- 2012: Revenue of $625K, expenses of $304K, and assets of $1.6M (revenue +81.2% year-over-year).
- 2011: Revenue of $345K, expenses of $434K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloxom Volunteer Fire Company Inc:
Data Sources and Methodology
This transparency report for Bloxom Volunteer Fire Company 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.