Chesapeake Volunteer Fire Departmen T Incorporation
EIN: 556024070 · Charleston, WV
| Metric | Value |
|---|---|
| Total Revenue | $276K |
| Total Expenses | $205K |
| Net Assets | $448K |
Is Chesapeake Volunteer Fire Departmen T Incorporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chesapeake Volunteer Fire Departmen T Incorporation
Chesapeake Volunteer Fire Departmen T Incorporation (EIN: 556024070) is a nonprofit organization based in Charleston, WV. The organization reported total revenue of $276K and total assets of $530K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesapeake Volunteer Fire Departmen T Incorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesapeake Volunteer Fire Departmen T Incorporation is a small nonprofit that has been operating for 3 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $773K |
| Total Expenses | $205K |
| Surplus / Deficit | +$568K |
| Total Assets | $662K |
| Total Liabilities | $214K |
| Net Assets | $448K |
| Operating Margin | 73.4% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 38.7 months |
Financial Health Grade: A
In 2023, Chesapeake Volunteer Fire Departmen T Incorporation reported a surplus of $568K with revenue exceeding expenses, holds 38.7 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2010–2023), Chesapeake Volunteer Fire Departmen T Incorporation's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1222.7% | +153.1% | +56.2% |
| 2018 | -58.3% | -35.1% | -9.7% |
| 2017 | +18.6% | -9.1% | -3.4% |
| 2016 | -38.3% | -41.1% | -9.6% |
| 2015 | -13.3% | -16.8% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chesapeake Volunteer Fire Departmen T Incorporation 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 Chesapeake Volunteer Fire Departmen T Incorporation 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 $568K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.3%.
Frequently Asked Questions about Chesapeake Volunteer Fire Departmen T Incorporation
Is Chesapeake Volunteer Fire Departmen T Incorporation a legitimate charity?
Chesapeake Volunteer Fire Departmen T Incorporation (EIN: 556024070) is a registered tax-exempt nonprofit based in West Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $276K. No red flags identified. Financial health grade: A.
How does Chesapeake Volunteer Fire Departmen T Incorporation spend its money?
Chesapeake Volunteer Fire Departmen T Incorporation reported $276K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chesapeake Volunteer Fire Departmen T Incorporation tax-deductible?
Chesapeake Volunteer Fire Departmen T Incorporation is registered as a tax-exempt nonprofit (EIN: 556024070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chesapeake Volunteer Fire Departmen T Incorporation located?
Chesapeake Volunteer Fire Departmen T Incorporation is headquartered in Charleston, West Virginia and files with the IRS under EIN 556024070.
How many years of IRS 990 filings does Chesapeake Volunteer Fire Departmen T Incorporation have?
Chesapeake Volunteer Fire Departmen T Incorporation has 10 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 $276K in total revenue.
Filing History
IRS 990 filing history for Chesapeake Volunteer Fire Departmen T Incorporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Chesapeake Volunteer Fire Departmen T Incorporation's revenue has grown by 232.8%, moving from $232K to $773K. Total assets decreased by 2% over the same period, from $676K to $662K. Total functional expenses fell by 11.5%, from $232K to $205K. In its most recent filing year (2023), Chesapeake Volunteer Fire Departmen T Incorporation reported a surplus of $568K, with revenue exceeding expenses. The organization holds $214K in liabilities against $662K in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $448K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $773K | $205K | $662K | $214K | — | View 990 |
| 2018 | $58K | $81K | $424K | $52K | — | View 990 |
| 2017 | $140K | $125K | $470K | $74K | — | View 990 |
| 2016 | $118K | $138K | $486K | $106K | — | View 990 |
| 2015 | $191K | $234K | $538K | $138K | — | View 990 |
| 2014 | $221K | $281K | $595K | $152K | — | View 990 |
| 2013 | $314K | $247K | $679K | $183K | — | View 990 |
| 2012 | $227K | $233K | $635K | $219K | — | View 990 |
| 2011 | $207K | $246K | $634K | $213K | — | View 990 |
| 2010 | $232K | $232K | $676K | $216K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $773K, expenses of $205K, and assets of $662K (revenue +1222.7% year-over-year).
- 2018: Revenue of $58K, expenses of $81K, and assets of $424K (revenue -58.3% year-over-year).
- 2017: Revenue of $140K, expenses of $125K, and assets of $470K (revenue +18.6% year-over-year).
- 2016: Revenue of $118K, expenses of $138K, and assets of $486K (revenue -38.3% year-over-year).
- 2015: Revenue of $191K, expenses of $234K, and assets of $538K (revenue -13.3% year-over-year).
- 2014: Revenue of $221K, expenses of $281K, and assets of $595K (revenue -29.8% year-over-year).
- 2013: Revenue of $314K, expenses of $247K, and assets of $679K (revenue +38.0% year-over-year).
- 2012: Revenue of $227K, expenses of $233K, and assets of $635K (revenue +9.7% year-over-year).
- 2011: Revenue of $207K, expenses of $246K, and assets of $634K (revenue -10.7% year-over-year).
- 2010: Revenue of $232K, expenses of $232K, and assets of $676K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesapeake Volunteer Fire Departmen T Incorporation:
Data Sources and Methodology
This transparency report for Chesapeake Volunteer Fire Departmen T Incorporation 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.