Essex Volunteer Fire Company Inc
EIN: 521733399 · Essex, MD
| Metric | Value |
|---|---|
| Total Revenue | $725K |
| Total Expenses | $474K |
| Net Assets | $872K |
Is Essex Volunteer Fire Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Essex Volunteer Fire Company Inc
Essex Volunteer Fire Company Inc (EIN: 521733399) is a nonprofit organization based in Essex, MD. The organization reported total revenue of $725K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essex Volunteer Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Essex Volunteer Fire Company Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $625K |
| Total Expenses | $474K |
| Surplus / Deficit | +$151K |
| Total Assets | $1.1M |
| Total Liabilities | $241K |
| Net Assets | $872K |
| Operating Margin | 24.2% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 28.2 months |
Financial Health Grade: A
In 2023, Essex Volunteer Fire Company Inc reported a surplus of $151K with revenue exceeding expenses, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Essex Volunteer Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.7% | +8.8% | +9.5% |
| 2022 | +64.0% | +44.3% | -5.8% |
| 2021 | +31.4% | +59.7% | +19.6% |
| 2020 | -16.6% | -16.1% | +0.1% |
| 2019 | -56.1% | +4.0% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Essex Volunteer Fire Company 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 Essex Volunteer Fire Company 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 $151K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.7%.
Frequently Asked Questions about Essex Volunteer Fire Company Inc
Is Essex Volunteer Fire Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Essex Volunteer Fire Company Inc (EIN: 521733399) insufficient data. 0 red flags identified, 0 strengths noted.
How does Essex Volunteer Fire Company Inc spend its money?
Detailed spending breakdown data is not yet available for Essex Volunteer Fire Company Inc. Check back for updated IRS 990 analysis.
Are donations to Essex Volunteer Fire Company Inc tax-deductible?
Essex Volunteer Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 521733399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Essex Volunteer Fire Company Inc located?
Essex Volunteer Fire Company Inc is headquartered in Essex, Maryland and files with the IRS under EIN 521733399.
How many years of IRS 990 filings does Essex Volunteer Fire Company Inc have?
Essex Volunteer Fire Company 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 $725K in total revenue.
Filing History
IRS 990 filing history for Essex Volunteer Fire Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Essex Volunteer Fire Company Inc's revenue has grown by 588.2%, moving from $91K to $625K. Total assets increased by 330.5% over the same period, from $259K to $1.1M. Total functional expenses rose by 369.4%, from $101K to $474K. In its most recent filing year (2023), Essex Volunteer Fire Company Inc reported a surplus of $151K, with revenue exceeding expenses. The organization holds $241K in liabilities against $1.1M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $872K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $625K | $474K | $1.1M | $241K | — | — |
| 2022 | $426K | $436K | $1.0M | $296K | — | — |
| 2021 | $260K | $302K | $1.1M | $349K | — | View 990 |
| 2020 | $198K | $189K | $903K | $130K | — | — |
| 2019 | $237K | $225K | $902K | $138K | — | View 990 |
| 2018 | $540K | $217K | $900K | $148K | — | View 990 |
| 2017 | $198K | $82K | $728K | $309K | — | View 990 |
| 2016 | $40K | $93K | $99K | $0 | — | View 990 |
| 2015 | $35K | $91K | $123K | $0 | — | View 990 |
| 2014 | $63K | $71K | $189K | $44K | — | View 990 |
| 2013 | $121K | $136K | $226K | $65K | — | View 990 |
| 2012 | $98K | $85K | $245K | $68K | — | View 990 |
| 2011 | $91K | $101K | $259K | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $625K, expenses of $474K, and assets of $1.1M (revenue +46.7% year-over-year).
- 2022: Revenue of $426K, expenses of $436K, and assets of $1.0M (revenue +64.0% year-over-year).
- 2021: Revenue of $260K, expenses of $302K, and assets of $1.1M (revenue +31.4% year-over-year).
- 2020: Revenue of $198K, expenses of $189K, and assets of $903K (revenue -16.6% year-over-year).
- 2019: Revenue of $237K, expenses of $225K, and assets of $902K (revenue -56.1% year-over-year).
- 2018: Revenue of $540K, expenses of $217K, and assets of $900K (revenue +172.7% year-over-year).
- 2017: Revenue of $198K, expenses of $82K, and assets of $728K (revenue +389.0% year-over-year).
- 2016: Revenue of $40K, expenses of $93K, and assets of $99K (revenue +14.5% year-over-year).
- 2015: Revenue of $35K, expenses of $91K, and assets of $123K (revenue -43.7% year-over-year).
- 2014: Revenue of $63K, expenses of $71K, and assets of $189K (revenue -47.9% year-over-year).
- 2013: Revenue of $121K, expenses of $136K, and assets of $226K (revenue +23.5% year-over-year).
- 2012: Revenue of $98K, expenses of $85K, and assets of $245K (revenue +7.5% year-over-year).
- 2011: Revenue of $91K, expenses of $101K, and assets of $259K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Essex Volunteer Fire Company Inc:
Data Sources and Methodology
This transparency report for Essex Volunteer Fire Company 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.