Croydon Volunteer Fire Department Inc
Croydon Volunteer Fire Department Inc. frequently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 20331748 · Croydon, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $952K |
| Total Expenses | $245K |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 75/100 |
Is Croydon Volunteer Fire Department Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Croydon Volunteer Fire Department Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Croydon Volunteer Fire Department Inc
Croydon Volunteer Fire Department Inc (EIN: 20331748) is a nonprofit organization based in Croydon, NH. The organization reported total revenue of $952K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Croydon Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Croydon Volunteer Fire Department Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $245K |
| Surplus / Deficit | $-99,489 |
| Total Assets | $3.2M |
| Total Liabilities | $295K |
| Net Assets | $2.9M |
| Operating Margin | -68.5% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 155.2 months |
Financial Health Grade: B
In 2023, Croydon Volunteer Fire Department Inc reported a deficit of $99K with expenses exceeding revenue, holds 155.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Croydon Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +192.3% | +18.7% | +10.7% |
| 2022 | -79.6% | -17.9% | -14.7% |
| 2021 | +166.2% | +109.4% | +0.8% |
| 2020 | -37.2% | +35.9% | +5.7% |
| 2019 | +12.9% | -13.2% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1988 |
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 Croydon Volunteer Fire Department Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Croydon Volunteer Fire Department Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 deficit of $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a fully volunteer leadership structure. This is highly commendable for a nonprofit of its size, as it directs more resources towards its 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.
Red Flags
The following concerns were identified during AI analysis of Croydon Volunteer Fire Department Inc's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue in 7 of 10 years)
- Significant liabilities reported in 2023 ($294,624) and 2022 ($1,614) after years of zero liabilities, warranting further investigation.
Strengths
The following positive indicators were identified for Croydon Volunteer Fire Department Inc:
- Strong asset base (over $3 million in recent years)
- Zero reported officer compensation, indicating volunteer leadership and efficient use of funds for mission
- Consistent filing history, demonstrating transparency
Frequently Asked Questions about Croydon Volunteer Fire Department Inc
Is Croydon Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Croydon Volunteer Fire Department Inc (EIN: 20331748) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Croydon Volunteer Fire Department Inc spend its money?
Croydon Volunteer Fire Department Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Croydon Volunteer Fire Department Inc tax-deductible?
Croydon Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 20331748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Croydon Volunteer Fire Department Inc located?
Croydon Volunteer Fire Department Inc is headquartered in Croydon, New Hampshire and files with the IRS under EIN 20331748.
How many years of IRS 990 filings does Croydon Volunteer Fire Department Inc have?
Croydon 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 $952K in total revenue.
Is Croydon Volunteer Fire Department Inc. financially stable?
While the organization possesses significant assets (over $3 million in 2023), it has frequently run operational deficits, with expenses exceeding revenue in 7 of the last 10 years. This suggests a reliance on drawing down assets or other non-operating income, which raises concerns about long-term financial sustainability without improved revenue generation.
How does Croydon Volunteer Fire Department Inc. manage its administrative costs?
The organization appears to manage administrative costs very efficiently, primarily due to reporting 0% officer compensation across all filings. This indicates a volunteer-led operation, which significantly reduces overhead.
What is the trend in the organization's revenue?
Revenue has been highly variable, ranging from a low of $49,693 in 2022 to a high of $275,819 in 2014. There isn't a clear upward or downward trend, but recent years (2022, 2023) show lower revenue compared to expenses.
Filing History
IRS 990 filing history for Croydon Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Croydon Volunteer Fire Department Inc's revenue has grown by 14.8%, moving from $127K to $145K. Total assets increased by 20.1% over the same period, from $2.6M to $3.2M. Total functional expenses rose by 73.5%, from $141K to $245K. In its most recent filing year (2023), Croydon Volunteer Fire Department Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $295K in liabilities against $3.2M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $245K | $3.2M | $295K | — | — |
| 2022 | $50K | $206K | $2.9M | $2K | — | View 990 |
| 2021 | $244K | $251K | $3.4M | $1K | — | View 990 |
| 2020 | $91K | $120K | $3.3M | $0 | — | View 990 |
| 2019 | $146K | $88K | $3.1M | $0 | — | — |
| 2018 | $129K | $102K | $2.8M | $0 | — | View 990 |
| 2017 | $119K | $101K | $3.0M | $0 | — | — |
| 2016 | $90K | $90K | $2.8M | $0 | — | View 990 |
| 2015 | $135K | $93K | $2.7M | $0 | — | View 990 |
| 2014 | $276K | $103K | $2.8M | $0 | — | View 990 |
| 2013 | $137K | $118K | $2.8M | $0 | — | View 990 |
| 2012 | $165K | $113K | $2.7M | $0 | — | View 990 |
| 2011 | $127K | $141K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $245K, and assets of $3.2M (revenue +192.3% year-over-year).
- 2022: Revenue of $50K, expenses of $206K, and assets of $2.9M (revenue -79.6% year-over-year).
- 2021: Revenue of $244K, expenses of $251K, and assets of $3.4M (revenue +166.2% year-over-year).
- 2020: Revenue of $91K, expenses of $120K, and assets of $3.3M (revenue -37.2% year-over-year).
- 2019: Revenue of $146K, expenses of $88K, and assets of $3.1M (revenue +12.9% year-over-year).
- 2018: Revenue of $129K, expenses of $102K, and assets of $2.8M (revenue +8.5% year-over-year).
- 2017: Revenue of $119K, expenses of $101K, and assets of $3.0M (revenue +32.0% year-over-year).
- 2016: Revenue of $90K, expenses of $90K, and assets of $2.8M (revenue -33.3% year-over-year).
- 2015: Revenue of $135K, expenses of $93K, and assets of $2.7M (revenue -51.0% year-over-year).
- 2014: Revenue of $276K, expenses of $103K, and assets of $2.8M (revenue +100.9% year-over-year).
- 2013: Revenue of $137K, expenses of $118K, and assets of $2.8M (revenue -17.0% year-over-year).
- 2012: Revenue of $165K, expenses of $113K, and assets of $2.7M (revenue +30.8% year-over-year).
- 2011: Revenue of $127K, expenses of $141K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Croydon Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Croydon 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.