Fairhaven Volunteer Fire Co 1
Fairhaven Volunteer Fire Co 1: Consistent Operations, Modest Growth
EIN: 222517908 · Fair Haven, NJ · NTEE: M24 · Updated: 2026-04-04
Is Fairhaven Volunteer Fire Co 1 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairhaven Volunteer Fire Co 1 directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fairhaven Volunteer Fire Co 1
Fairhaven Volunteer Fire Co 1 (EIN: 222517908) is a nonprofit organization based in Fair Haven, NJ, classified under NTEE code M24. The organization reported total revenue of $1.2M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairhaven Volunteer Fire Co 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairhaven Volunteer Fire Co 1 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: 70%
- fundraising: 15%
According to IRS 990 filings, Fairhaven Volunteer Fire Co 1 allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information.
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 Fairhaven Volunteer Fire Co 1's IRS 990 filings:
- Lack of specific executive compensation details in the provided data.
- General expense reporting without granular program spending breakdown.
Strengths
The following positive indicators were identified for Fairhaven Volunteer Fire Co 1:
- Consistent revenue generation over the past decade, with 2023 revenue at $372,701.
- Healthy asset growth, reaching $2,639,693 in 2023.
- Low liabilities, consistently below $50,000, indicating strong financial stability.
- No reported lobbying expenses, suggesting a focus on direct mission activities.
Frequently Asked Questions about Fairhaven Volunteer Fire Co 1
Is Fairhaven Volunteer Fire Co 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairhaven Volunteer Fire Co 1 (EIN: 222517908) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Fairhaven Volunteer Fire Co 1 spend its money?
Fairhaven Volunteer Fire Co 1 directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairhaven Volunteer Fire Co 1 tax-deductible?
Fairhaven Volunteer Fire Co 1 is registered as a tax-exempt nonprofit (EIN: 222517908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Fairhaven Volunteer Fire Co 1 do?
Fairhaven Volunteer Fire Co 1 is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Fair Haven, New Jersey. It is classified under NTEE code M24.
How much revenue does Fairhaven Volunteer Fire Co 1 have?
Fairhaven Volunteer Fire Co 1 reported total revenue of $1,247,019. Based on 10 IRS 990 filings on record.
What are Fairhaven Volunteer Fire Co 1's total assets?
Fairhaven Volunteer Fire Co 1 holds total assets of $2,712,987 as reported in IRS 990 filings.
Where is Fairhaven Volunteer Fire Co 1 located?
Fairhaven Volunteer Fire Co 1 is based in Fair Haven, New Jersey.
What is Fairhaven Volunteer Fire Co 1's EIN?
Fairhaven Volunteer Fire Co 1's Employer Identification Number (EIN) is 222517908. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fairhaven Volunteer Fire Co 1?
Fairhaven Volunteer Fire Co 1 is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is Fairhaven Volunteer Fire Co 1 a registered 501(c)(3)?
Yes, Fairhaven Volunteer Fire Co 1 is recognized as a tax-exempt organization by the IRS. EIN: 222517908.
Does Fairhaven Volunteer Fire Co 1 file IRS Form 990?
Yes, Fairhaven Volunteer Fire Co 1 has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Fairhaven Volunteer Fire Co 1's revenue in 2023?
In the 202312 filing period, Fairhaven Volunteer Fire Co 1 reported total revenue of $372,701, total expenses of $238,997, and net assets of $2,639,693.
Is Fairhaven Volunteer Fire Co 1's revenue growing or declining?
Fairhaven Volunteer Fire Co 1's revenue is relatively stable. Revenue went from $362,612 (202212) to $372,701 (202312), a +2.8% change. Based on 10 filings on record.
What is Fairhaven Volunteer Fire Co 1's most recent 990 filing?
The most recent IRS Form 990 filing for Fairhaven Volunteer Fire Co 1 covers tax period 202312. It shows revenue of $372,701, expenses of $238,997, total assets of $2,639,693, and liabilities of $14,912.
How much does Fairhaven Volunteer Fire Co 1 spend on programs vs administration?
Based on IRS 990 analysis, Fairhaven Volunteer Fire Co 1 allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Fairhaven Volunteer Fire Co 1 a trustworthy charity?
Based on AI analysis of IRS 990 data, Fairhaven Volunteer Fire Co 1 appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Fairhaven Volunteer Fire Co 1?
The following concerns were identified: Lack of specific executive compensation details in the provided data.. General expense reporting without granular program spending breakdown.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fairhaven Volunteer Fire Co 1's strengths?
Positive indicators for Fairhaven Volunteer Fire Co 1 include: Consistent revenue generation over the past decade, with 2023 revenue at $372,701.. Healthy asset growth, reaching $2,639,693 in 2023.. Low liabilities, consistently below $50,000, indicating strong financial stability.. No reported lobbying expenses, suggesting a focus on direct mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Fairhaven Volunteer Fire Co 1 compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain such low liabilities consistently over a decade, and what does this indicate about their financial management strategy?
The consistent reporting of low liabilities (e.g., $14,912 in 2023, $6,300 in 2013) suggests a conservative financial management approach, likely prioritizing immediate payment of obligations and avoiding significant debt. This indicates strong fiscal discipline and a focus on maintaining a robust balance sheet.
Given the consistent revenue and asset growth, what specific initiatives or community engagement strategies might be contributing to their sustained financial health?
While specific initiatives aren't detailed, the sustained revenue (e.g., from $201,654 in 2013 to $372,701 in 2023) and asset growth (from $2,042,555 in 2013 to $2,639,693 in 2023) suggest effective community fundraising, strong local support, and potentially prudent investment of assets. The 'Volunteer Fire Co' nature implies strong community ties are a key driver.
Filing History
IRS 990 filing history for Fairhaven Volunteer Fire Co 1 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fairhaven Volunteer Fire Co 1's revenue has grown by 106.9%, moving from $180K to $373K. Total assets increased by 37.2% over the same period, from $1.9M to $2.6M. Total functional expenses rose by 55.4%, from $154K to $239K. In its most recent filing year (2023), Fairhaven Volunteer Fire Co 1 reported a surplus of $134K, with revenue exceeding expenses. The organization holds $15K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $373K | $239K | $2.6M | $15K | — | — |
| 2022 | $363K | $249K | $2.5M | $43K | — | — |
| 2021 | $342K | $231K | $2.5M | $30K | — | — |
| 2017 | $193K | $172K | $2.2M | $6K | — | View 990 |
| 2016 | $242K | $186K | $2.2M | $19K | — | View 990 |
| 2015 | $246K | $181K | $2.2M | $13K | — | View 990 |
| 2014 | $231K | $169K | $2.1M | $10K | — | View 990 |
| 2013 | $202K | $152K | $2.0M | $6K | — | View 990 |
| 2012 | $206K | $139K | $2.0M | $13K | — | View 990 |
| 2011 | $180K | $154K | $1.9M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $373K, expenses of $239K, and assets of $2.6M (revenue +2.8% year-over-year).
- 2022: Revenue of $363K, expenses of $249K, and assets of $2.5M (revenue +5.9% year-over-year).
- 2021: Revenue of $342K, expenses of $231K, and assets of $2.5M (revenue +77.5% year-over-year).
- 2017: Revenue of $193K, expenses of $172K, and assets of $2.2M (revenue -20.3% year-over-year).
- 2016: Revenue of $242K, expenses of $186K, and assets of $2.2M (revenue -1.5% year-over-year).
- 2015: Revenue of $246K, expenses of $181K, and assets of $2.2M (revenue +6.4% year-over-year).
- 2014: Revenue of $231K, expenses of $169K, and assets of $2.1M (revenue +14.6% year-over-year).
- 2013: Revenue of $202K, expenses of $152K, and assets of $2.0M (revenue -2.1% year-over-year).
- 2012: Revenue of $206K, expenses of $139K, and assets of $2.0M (revenue +14.4% year-over-year).
- 2011: Revenue of $180K, expenses of $154K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Fairhaven Volunteer Fire Co 1 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.