Chase City Volunteer Fire Department Inc
Chase City Volunteer Fire Department consistently grows assets with zero officer compensation and no liabilities.
EIN: 204786654 · Chase City, VA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $426K |
| Total Expenses | $478K |
| Program Spending | 90% |
| Net Assets | $2.3M |
| Transparency Score | 95/100 |
Is Chase City 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 →
Chase City Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chase City Volunteer Fire Department Inc
Chase City Volunteer Fire Department Inc (EIN: 204786654) is a nonprofit organization based in Chase City, VA, classified under NTEE code M24. The organization reported total revenue of $426K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chase City Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chase City Volunteer Fire Department Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $583K |
| Total Expenses | $478K |
| Surplus / Deficit | +$106K |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 18.1% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Chase City Volunteer Fire Department Inc reported a surplus of $106K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Chase City Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +164.5% | +306.4% | -0.4% |
| 2022 | -14.2% | -36.7% | +4.7% |
| 2021 | -6.0% | -29.7% | +3.4% |
| 2020 | -6.0% | -56.8% | -0.3% |
| 2019 | +64.9% | +506.5% | +46.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1600 |
| IRS Ruling Date | 2006 |
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 Chase City 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Chase City Volunteer Fire Department Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $106K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating a fully volunteer-led organization, which is highly commendable and ensures all funds are directed towards the department's mission.
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 Chase City Volunteer Fire Department Inc:
- Zero officer compensation across all filings, indicating volunteer leadership.
- Consistent asset growth, from $1,312,845 in 2014 to $2,284,834 in 2023.
- Maintains zero liabilities in recent years (since 2016), demonstrating strong financial stability.
- Healthy revenue surplus in the latest filing ($583,437 revenue vs. $477,599 expenses in 202312).
- Strong program focus implied by the absence of officer compensation and liabilities.
Frequently Asked Questions about Chase City Volunteer Fire Department Inc
Is Chase City Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chase City Volunteer Fire Department Inc (EIN: 204786654) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Chase City Volunteer Fire Department Inc spend its money?
Chase City Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chase City Volunteer Fire Department Inc tax-deductible?
Chase City Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 204786654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chase City Volunteer Fire Department Inc's spending goes to programs?
Chase City Volunteer Fire Department Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chase City Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Chase City 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 Chase City Volunteer Fire Department Inc located?
Chase City Volunteer Fire Department Inc is headquartered in Chase City, Virginia and files with the IRS under EIN 204786654. It is classified under NTEE code M24.
How many years of IRS 990 filings does Chase City Volunteer Fire Department Inc have?
Chase City 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 $426K in total revenue.
Is Chase City Volunteer Fire Department Inc a good charity?
Yes, based on the provided data, Chase City Volunteer Fire Department Inc appears to be a very good charity. It consistently operates with zero officer compensation, maintains no liabilities, and has shown significant asset growth, indicating strong financial health and a clear dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $1,312,845 in 2014 to $2,284,834 in 2023. It has also consistently maintained zero liabilities since 2016, demonstrating increasing stability and capacity.
What is the organization's approach to executive compensation?
The organization has a volunteer-driven leadership model, with 0% officer compensation reported across all 13 available filings. This indicates that its leadership serves without pay, maximizing resources for its operational mission.
Filing History
IRS 990 filing history for Chase City Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chase City Volunteer Fire Department Inc's revenue has grown by 259.5%, moving from $162K to $583K. Total assets increased by 60.2% over the same period, from $1.4M to $2.3M. Total functional expenses rose by 214.6%, from $152K to $478K. In its most recent filing year (2023), Chase City Volunteer Fire Department Inc reported a surplus of $106K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $583K | $478K | $2.3M | $0 | — | View 990 |
| 2022 | $221K | $118K | $2.3M | $0 | — | View 990 |
| 2021 | $257K | $186K | $2.2M | $0 | — | View 990 |
| 2020 | $273K | $264K | $2.1M | $0 | — | View 990 |
| 2019 | $291K | $611K | $2.1M | $0 | — | View 990 |
| 2018 | $176K | $101K | $1.5M | $0 | — | View 990 |
| 2017 | $230K | $119K | $1.3M | $0 | — | View 990 |
| 2016 | $143K | $97K | $1.2M | $0 | — | View 990 |
| 2015 | $143K | $71K | $1.2M | $45K | — | View 990 |
| 2014 | $133K | $197K | $1.3M | $120 | — | View 990 |
| 2013 | $189K | $153K | $1.4M | $0 | — | View 990 |
| 2012 | $87K | $137K | $1.3M | $0 | — | View 990 |
| 2011 | $162K | $152K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $583K, expenses of $478K, and assets of $2.3M (revenue +164.5% year-over-year).
- 2022: Revenue of $221K, expenses of $118K, and assets of $2.3M (revenue -14.2% year-over-year).
- 2021: Revenue of $257K, expenses of $186K, and assets of $2.2M (revenue -6.0% year-over-year).
- 2020: Revenue of $273K, expenses of $264K, and assets of $2.1M (revenue -6.0% year-over-year).
- 2019: Revenue of $291K, expenses of $611K, and assets of $2.1M (revenue +64.9% year-over-year).
- 2018: Revenue of $176K, expenses of $101K, and assets of $1.5M (revenue -23.4% year-over-year).
- 2017: Revenue of $230K, expenses of $119K, and assets of $1.3M (revenue +61.1% year-over-year).
- 2016: Revenue of $143K, expenses of $97K, and assets of $1.2M (revenue -0.1% year-over-year).
- 2015: Revenue of $143K, expenses of $71K, and assets of $1.2M (revenue +7.8% year-over-year).
- 2014: Revenue of $133K, expenses of $197K, and assets of $1.3M (revenue -29.8% year-over-year).
- 2013: Revenue of $189K, expenses of $153K, and assets of $1.4M (revenue +117.5% year-over-year).
- 2012: Revenue of $87K, expenses of $137K, and assets of $1.3M (revenue -46.3% year-over-year).
- 2011: Revenue of $162K, expenses of $152K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chase City Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Chase City 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.