Cape Charles Volunteer Fire Co 1 Inc
EIN: 541678839 · Cape Charles, VA · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $506K |
| Total Expenses | $123K |
| Net Assets | $911K |
Is Cape Charles Volunteer Fire Co 1 Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cape Charles Volunteer Fire Co 1 Inc
Cape Charles Volunteer Fire Co 1 Inc (EIN: 541678839) is a nonprofit organization based in Cape Charles, VA, classified under NTEE code M24. The organization reported total revenue of $506K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape Charles Volunteer Fire Co 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape Charles Volunteer Fire Co 1 Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $338K |
| Total Expenses | $123K |
| Surplus / Deficit | +$216K |
| Total Assets | $953K |
| Total Liabilities | $42K |
| Net Assets | $911K |
| Operating Margin | 63.8% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 93.3 months |
Financial Health Grade: A
In 2023, Cape Charles Volunteer Fire Co 1 Inc reported a surplus of $216K with revenue exceeding expenses, holds 93.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cape Charles Volunteer Fire Co 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.7% | +0.0% | +27.4% |
| 2022 | +25.0% | -30.9% | +6.4% |
| 2021 | +15.7% | +43.0% | -6.4% |
| 2020 | +0.3% | +31.1% | +9.3% |
| 2019 | -0.8% | +11.0% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cape Charles Volunteer Fire Co 1 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 Cape Charles Volunteer Fire Co 1 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 $216K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Frequently Asked Questions about Cape Charles Volunteer Fire Co 1 Inc
Is Cape Charles Volunteer Fire Co 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cape Charles Volunteer Fire Co 1 Inc (EIN: 541678839) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cape Charles Volunteer Fire Co 1 Inc spend its money?
Detailed spending breakdown data is not yet available for Cape Charles Volunteer Fire Co 1 Inc. Check back for updated IRS 990 analysis.
Are donations to Cape Charles Volunteer Fire Co 1 Inc tax-deductible?
Cape Charles Volunteer Fire Co 1 Inc is registered as a tax-exempt nonprofit (EIN: 541678839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cape Charles Volunteer Fire Co 1 Inc located?
Cape Charles Volunteer Fire Co 1 Inc is headquartered in Cape Charles, Virginia and files with the IRS under EIN 541678839. It is classified under NTEE code M24.
How many years of IRS 990 filings does Cape Charles Volunteer Fire Co 1 Inc have?
Cape Charles Volunteer Fire Co 1 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 $506K in total revenue.
Filing History
IRS 990 filing history for Cape Charles Volunteer Fire Co 1 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cape Charles Volunteer Fire Co 1 Inc's revenue has grown by 234.6%, moving from $101K to $338K. Total assets increased by 3049.2% over the same period, from $30K to $953K. Total functional expenses rose by 66.1%, from $74K to $123K. In its most recent filing year (2023), Cape Charles Volunteer Fire Co 1 Inc reported a surplus of $216K, with revenue exceeding expenses. The organization holds $42K in liabilities against $953K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $911K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $338K | $123K | $953K | $42K | — | — |
| 2022 | $190K | $123K | $748K | $53K | — | View 990 |
| 2021 | $152K | $177K | $703K | $76K | — | View 990 |
| 2020 | $132K | $124K | $751K | $99K | — | — |
| 2019 | $131K | $95K | $687K | $43K | — | View 990 |
| 2018 | $132K | $85K | $672K | $65K | — | View 990 |
| 2017 | $40K | $131K | $645K | $85K | — | View 990 |
| 2016 | $87K | $90K | $737K | $77K | — | View 990 |
| 2015 | $125K | $125K | $749K | $31K | — | View 990 |
| 2014 | $110K | $115K | $33K | $0 | — | View 990 |
| 2013 | $105K | $158K | $3K | $0 | — | View 990 |
| 2012 | $67K | $82K | $15K | $0 | — | View 990 |
| 2011 | $101K | $74K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $338K, expenses of $123K, and assets of $953K (revenue +77.7% year-over-year).
- 2022: Revenue of $190K, expenses of $123K, and assets of $748K (revenue +25.0% year-over-year).
- 2021: Revenue of $152K, expenses of $177K, and assets of $703K (revenue +15.7% year-over-year).
- 2020: Revenue of $132K, expenses of $124K, and assets of $751K (revenue +0.3% year-over-year).
- 2019: Revenue of $131K, expenses of $95K, and assets of $687K (revenue -0.8% year-over-year).
- 2018: Revenue of $132K, expenses of $85K, and assets of $672K (revenue +227.0% year-over-year).
- 2017: Revenue of $40K, expenses of $131K, and assets of $645K (revenue -53.3% year-over-year).
- 2016: Revenue of $87K, expenses of $90K, and assets of $737K (revenue -30.5% year-over-year).
- 2015: Revenue of $125K, expenses of $125K, and assets of $749K (revenue +13.6% year-over-year).
- 2014: Revenue of $110K, expenses of $115K, and assets of $33K (revenue +4.6% year-over-year).
- 2013: Revenue of $105K, expenses of $158K, and assets of $3K (revenue +55.8% year-over-year).
- 2012: Revenue of $67K, expenses of $82K, and assets of $15K (revenue -33.4% year-over-year).
- 2011: Revenue of $101K, expenses of $74K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape Charles Volunteer Fire Co 1 Inc:
Data Sources and Methodology
This transparency report for Cape Charles Volunteer Fire Co 1 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.