Cherry Lane Fire Department Inc
EIN: 581336215 · Roaring Gap, NC · NTEE: M24Z
| Metric | Value |
|---|---|
| Total Revenue | $473K |
| Total Expenses | $275K |
| Net Assets | $1.7M |
Is Cherry Lane Fire 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 Cherry Lane Fire Department Inc
Cherry Lane Fire Department Inc (EIN: 581336215) is a nonprofit organization based in Roaring Gap, NC, classified under NTEE code M24Z. The organization reported total revenue of $473K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherry Lane Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cherry Lane Fire Department Inc is a small nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $275K |
| Surplus / Deficit | +$238K |
| Total Assets | $1.7M |
| Total Liabilities | $1K |
| Net Assets | $1.7M |
| Operating Margin | 46.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 75.1 months |
Financial Health Grade: A
In 2023, Cherry Lane Fire Department Inc reported a surplus of $238K with revenue exceeding expenses, holds 75.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Cherry Lane Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.3% | +69.6% | +17.8% |
| 2022 | +54.3% | -19.4% | +10.2% |
| 2021 | +32.3% | +39.3% | +6.4% |
| 2020 | -11.5% | -31.7% | +1.7% |
| 2019 | +24.3% | +20.1% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cherry Lane Fire 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 Cherry Lane Fire 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $238K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Cherry Lane Fire Department Inc
Is Cherry Lane Fire Department Inc a legitimate charity?
Cherry Lane Fire Department Inc (EIN: 581336215) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $473K. No red flags identified. Financial health grade: A.
How does Cherry Lane Fire Department Inc spend its money?
Cherry Lane Fire Department Inc reported $473K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cherry Lane Fire Department Inc tax-deductible?
Cherry Lane Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 581336215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cherry Lane Fire Department Inc located?
Cherry Lane Fire Department Inc is headquartered in Roaring Gap, North Carolina and files with the IRS under EIN 581336215. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Cherry Lane Fire Department Inc have?
Cherry Lane Fire Department Inc has 11 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 $473K in total revenue.
Filing History
IRS 990 filing history for Cherry Lane Fire Department Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Cherry Lane Fire Department Inc's revenue has grown by 127.9%, moving from $225K to $512K. Total assets increased by 93.9% over the same period, from $887K to $1.7M. Total functional expenses rose by 128.1%, from $120K to $275K. In its most recent filing year (2023), Cherry Lane Fire Department Inc reported a surplus of $238K, with revenue exceeding expenses. The organization holds $1K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $275K | $1.7M | $1K | — | View 990 |
| 2022 | $337K | $162K | $1.5M | $0 | — | View 990 |
| 2021 | $218K | $201K | $1.3M | $0 | — | — |
| 2020 | $165K | $144K | $1.2M | $0 | — | — |
| 2019 | $186K | $211K | $1.2M | $0 | — | View 990 |
| 2018 | $150K | $176K | $1.2M | $0 | — | — |
| 2017 | $236K | $165K | $1.3M | $0 | — | View 990 |
| 2016 | $205K | $137K | $1.2M | $0 | — | View 990 |
| 2015 | $228K | $128K | $1.1M | $0 | — | View 990 |
| 2014 | $246K | $147K | $985K | $2 | — | View 990 |
| 2013 | $225K | $120K | $887K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $275K, and assets of $1.7M (revenue +52.3% year-over-year).
- 2022: Revenue of $337K, expenses of $162K, and assets of $1.5M (revenue +54.3% year-over-year).
- 2021: Revenue of $218K, expenses of $201K, and assets of $1.3M (revenue +32.3% year-over-year).
- 2020: Revenue of $165K, expenses of $144K, and assets of $1.2M (revenue -11.5% year-over-year).
- 2019: Revenue of $186K, expenses of $211K, and assets of $1.2M (revenue +24.3% year-over-year).
- 2018: Revenue of $150K, expenses of $176K, and assets of $1.2M (revenue -36.4% year-over-year).
- 2017: Revenue of $236K, expenses of $165K, and assets of $1.3M (revenue +15.2% year-over-year).
- 2016: Revenue of $205K, expenses of $137K, and assets of $1.2M (revenue -10.3% year-over-year).
- 2015: Revenue of $228K, expenses of $128K, and assets of $1.1M (revenue -7.1% year-over-year).
- 2014: Revenue of $246K, expenses of $147K, and assets of $985K (revenue +9.4% year-over-year).
- 2013: Revenue of $225K, expenses of $120K, and assets of $887K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cherry Lane Fire Department Inc:
Data Sources and Methodology
This transparency report for Cherry Lane 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.