Center Rural Volunteer Fire & Rescue Department Inc
EIN: 561398085 · Norwood, NC · NTEE: M24Z
| Metric | Value |
|---|---|
| Total Revenue | $631K |
| Total Expenses | $514K |
| Net Assets | $1.7M |
Is Center Rural Volunteer Fire & Rescue Department Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Center Rural Volunteer Fire & Rescue Department Inc
Center Rural Volunteer Fire & Rescue Department Inc (EIN: 561398085) is a nonprofit organization based in Norwood, NC, classified under NTEE code M24Z. The organization reported total revenue of $631K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Rural Volunteer Fire & Rescue Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Rural Volunteer Fire & Rescue Department Inc is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $622K |
| Total Expenses | $514K |
| Surplus / Deficit | +$108K |
| Total Assets | $2.6M |
| Total Liabilities | $922K |
| Net Assets | $1.7M |
| Operating Margin | 17.4% |
| Debt-to-Asset Ratio | 35.5% |
| Months of Reserves | 60.6 months |
Financial Health Grade: A
In 2024, Center Rural Volunteer Fire & Rescue Department Inc reported a surplus of $108K with revenue exceeding expenses, holds 60.6 months of operating reserves (strong position), has a debt-to-asset ratio of 35.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Center Rural Volunteer Fire & Rescue Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.9% | +24.0% | -1.8% |
| 2023 | +25.5% | -2.2% | +4.8% |
| 2022 | +4.0% | -14.7% | -6.5% |
| 2021 | +8.4% | +11.8% | -5.4% |
| 2020 | -35.1% | +1.3% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Center Rural Volunteer Fire & Rescue Department 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 Center Rural Volunteer Fire & Rescue Department 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $108K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.5%.
Frequently Asked Questions about Center Rural Volunteer Fire & Rescue Department Inc
Is Center Rural Volunteer Fire & Rescue Department Inc a legitimate charity?
Center Rural Volunteer Fire & Rescue Department Inc (EIN: 561398085) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $631K. No red flags identified. Financial health grade: A.
How does Center Rural Volunteer Fire & Rescue Department Inc spend its money?
Center Rural Volunteer Fire & Rescue Department Inc reported $631K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Center Rural Volunteer Fire & Rescue Department Inc tax-deductible?
Center Rural Volunteer Fire & Rescue Department Inc is registered as a tax-exempt nonprofit (EIN: 561398085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Center Rural Volunteer Fire & Rescue Department Inc located?
Center Rural Volunteer Fire & Rescue Department Inc is headquartered in Norwood, North Carolina and files with the IRS under EIN 561398085. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Center Rural Volunteer Fire & Rescue Department Inc have?
Center Rural Volunteer Fire & Rescue Department Inc has 14 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 $631K in total revenue.
Filing History
IRS 990 filing history for Center Rural Volunteer Fire & Rescue Department Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Center Rural Volunteer Fire & Rescue Department Inc's revenue has grown by 148.9%, moving from $250K to $622K. Total assets increased by 268.1% over the same period, from $704K to $2.6M. Total functional expenses rose by 100.2%, from $257K to $514K. In its most recent filing year (2024), Center Rural Volunteer Fire & Rescue Department Inc reported a surplus of $108K, with revenue exceeding expenses. The organization holds $922K in liabilities against $2.6M in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $622K | $514K | $2.6M | $922K | — | — |
| 2023 | $661K | $414K | $2.6M | $1.1M | — | View 990 |
| 2022 | $526K | $424K | $2.5M | $1.2M | — | View 990 |
| 2021 | $506K | $497K | $2.7M | $1.5M | — | View 990 |
| 2020 | $467K | $444K | $2.8M | $1.6M | — | View 990 |
| 2019 | $720K | $438K | $2.9M | $1.7M | — | View 990 |
| 2018 | $497K | $381K | $2.9M | $2.0M | — | View 990 |
| 2017 | $493K | $305K | $1.3M | $542K | — | View 990 |
| 2016 | $477K | $310K | $1.1M | $502K | — | View 990 |
| 2015 | $358K | $278K | $1.0M | $608K | — | View 990 |
| 2014 | $332K | $276K | $750K | $400K | — | View 990 |
| 2013 | $263K | $284K | $705K | $411K | — | View 990 |
| 2012 | $351K | $276K | $795K | $479K | — | View 990 |
| 2011 | $250K | $257K | $704K | $464K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $622K, expenses of $514K, and assets of $2.6M (revenue -5.9% year-over-year).
- 2023: Revenue of $661K, expenses of $414K, and assets of $2.6M (revenue +25.5% year-over-year).
- 2022: Revenue of $526K, expenses of $424K, and assets of $2.5M (revenue +4.0% year-over-year).
- 2021: Revenue of $506K, expenses of $497K, and assets of $2.7M (revenue +8.4% year-over-year).
- 2020: Revenue of $467K, expenses of $444K, and assets of $2.8M (revenue -35.1% year-over-year).
- 2019: Revenue of $720K, expenses of $438K, and assets of $2.9M (revenue +44.7% year-over-year).
- 2018: Revenue of $497K, expenses of $381K, and assets of $2.9M (revenue +1.0% year-over-year).
- 2017: Revenue of $493K, expenses of $305K, and assets of $1.3M (revenue +3.3% year-over-year).
- 2016: Revenue of $477K, expenses of $310K, and assets of $1.1M (revenue +33.3% year-over-year).
- 2015: Revenue of $358K, expenses of $278K, and assets of $1.0M (revenue +7.8% year-over-year).
- 2014: Revenue of $332K, expenses of $276K, and assets of $750K (revenue +26.2% year-over-year).
- 2013: Revenue of $263K, expenses of $284K, and assets of $705K (revenue -25.1% year-over-year).
- 2012: Revenue of $351K, expenses of $276K, and assets of $795K (revenue +40.6% year-over-year).
- 2011: Revenue of $250K, expenses of $257K, and assets of $704K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Rural Volunteer Fire & Rescue Department Inc:
Data Sources and Methodology
This transparency report for Center Rural Volunteer Fire & Rescue 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.