Brookneal Volunteer Fire Department Inc
Brookneal Volunteer Fire Department maintains strong assets and zero officer compensation.
EIN: 204561305 · Brookneal, VA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $108K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Brookneal Volunteer Fire Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brookneal Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brookneal Volunteer Fire Department Inc
Brookneal Volunteer Fire Department Inc (EIN: 204561305) is a nonprofit organization based in Brookneal, VA, classified under NTEE code M24. The organization reported total revenue of $234K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brookneal Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brookneal Volunteer Fire Department Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $108K |
| Surplus / Deficit | +$54K |
| Total Assets | $1.1M |
| Total Liabilities | $590 |
| Net Assets | $1.1M |
| Operating Margin | 33.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 122.3 months |
Financial Health Grade: A
In 2023, Brookneal Volunteer Fire Department Inc reported a surplus of $54K with revenue exceeding expenses, holds 122.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brookneal Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.2% | -20.0% | +5.2% |
| 2022 | +27.5% | +26.1% | +4.2% |
| 2021 | +41.3% | -42.1% | +3.4% |
| 2020 | -29.0% | -11.4% | -8.1% |
| 2019 | -13.9% | -3.0% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Brookneal Volunteer Fire Department Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Brookneal Volunteer Fire Department Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based and no salaries are paid to officers, which is highly commendable for a nonprofit of its size.
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 Brookneal Volunteer Fire Department Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong and growing asset base, with latest assets at $1,322,703.
- Low to non-existent liabilities across most filing periods, demonstrating fiscal prudence.
- Generally positive net income in recent years (e.g., $162,061 revenue vs. $108,079 expenses in 2023).
- Clear dedication to mission with resources likely directed to operational needs given the volunteer structure.
Frequently Asked Questions about Brookneal Volunteer Fire Department Inc
Is Brookneal Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brookneal Volunteer Fire Department Inc (EIN: 204561305) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Brookneal Volunteer Fire Department Inc spend its money?
Brookneal Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brookneal Volunteer Fire Department Inc tax-deductible?
Brookneal Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 204561305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brookneal Volunteer Fire Department Inc's spending goes to programs?
Brookneal Volunteer Fire Department Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brookneal Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Brookneal Volunteer Fire Department Inc 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 Brookneal Volunteer Fire Department Inc located?
Brookneal Volunteer Fire Department Inc is headquartered in Brookneal, Virginia and files with the IRS under EIN 204561305. It is classified under NTEE code M24.
How many years of IRS 990 filings does Brookneal Volunteer Fire Department Inc have?
Brookneal Volunteer Fire Department 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 $234K in total revenue.
Is Brookneal Volunteer Fire Department Inc. financially stable?
Yes, the organization appears financially stable, consistently maintaining a strong asset base (e.g., $1,322,703 latest assets) and generally managing expenses within revenue, with liabilities remaining very low or zero in most periods.
How does Brookneal Volunteer Fire Department Inc. manage its expenses?
The organization demonstrates good expense management, with expenses often lower than revenue in recent years (e.g., $108,079 expenses vs. $162,061 revenue in 2023). The consistent 0% officer compensation also indicates efficient use of funds.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend in recent years, growing from $971,897 in 2020 to $1,101,921 in 2023, and currently reported at $1,322,703, indicating strong financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Brookneal Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brookneal Volunteer Fire Department Inc's revenue has grown by 17.2%, moving from $138K to $162K. Total assets decreased by 4.5% over the same period, from $1.2M to $1.1M. Total functional expenses fell by 5%, from $114K to $108K. In its most recent filing year (2023), Brookneal Volunteer Fire Department Inc reported a surplus of $54K, with revenue exceeding expenses. The organization holds $590 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $108K | $1.1M | $590 | — | View 990 |
| 2022 | $178K | $135K | $1.0M | $46 | — | View 990 |
| 2021 | $140K | $107K | $1.0M | $943 | — | — |
| 2020 | $99K | $185K | $972K | $705 | — | — |
| 2019 | $139K | $209K | $1.1M | $160 | — | View 990 |
| 2018 | $162K | $215K | $1.1M | $0 | — | View 990 |
| 2017 | $182K | $283K | $1.2M | $473 | — | View 990 |
| 2016 | $418K | $258K | $1.3M | $1K | — | View 990 |
| 2015 | $123K | $190K | $1.1M | $55 | — | View 990 |
| 2014 | $162K | $218K | $1.2M | $0 | — | View 990 |
| 2013 | $316K | $192K | $1.2M | $0 | — | View 990 |
| 2012 | $99K | $134K | $1.1M | $0 | — | View 990 |
| 2011 | $138K | $114K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $108K, and assets of $1.1M (revenue -9.2% year-over-year).
- 2022: Revenue of $178K, expenses of $135K, and assets of $1.0M (revenue +27.5% year-over-year).
- 2021: Revenue of $140K, expenses of $107K, and assets of $1.0M (revenue +41.3% year-over-year).
- 2020: Revenue of $99K, expenses of $185K, and assets of $972K (revenue -29.0% year-over-year).
- 2019: Revenue of $139K, expenses of $209K, and assets of $1.1M (revenue -13.9% year-over-year).
- 2018: Revenue of $162K, expenses of $215K, and assets of $1.1M (revenue -11.0% year-over-year).
- 2017: Revenue of $182K, expenses of $283K, and assets of $1.2M (revenue -56.5% year-over-year).
- 2016: Revenue of $418K, expenses of $258K, and assets of $1.3M (revenue +239.8% year-over-year).
- 2015: Revenue of $123K, expenses of $190K, and assets of $1.1M (revenue -24.1% year-over-year).
- 2014: Revenue of $162K, expenses of $218K, and assets of $1.2M (revenue -48.7% year-over-year).
- 2013: Revenue of $316K, expenses of $192K, and assets of $1.2M (revenue +218.3% year-over-year).
- 2012: Revenue of $99K, expenses of $134K, and assets of $1.1M (revenue -28.2% year-over-year).
- 2011: Revenue of $138K, expenses of $114K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brookneal Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Brookneal Volunteer Fire Department 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.