Farley Volunteer Fire Department
Farley Volunteer Fire Department consistently grows assets with zero liabilities and no officer compensation.
EIN: 201758806 · Farley, IA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $22K |
| Program Spending | 90% |
| Net Assets | $514K |
| Transparency Score | 95/100 |
Is Farley Volunteer Fire Department Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farley Volunteer Fire Department directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farley Volunteer Fire Department
Farley Volunteer Fire Department (EIN: 201758806) is a nonprofit organization based in Farley, IA, classified under NTEE code M24. The organization reported total revenue of $99K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farley Volunteer Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farley Volunteer Fire Department is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $22K |
| Surplus / Deficit | +$63K |
| Total Assets | $514K |
| Net Assets | $514K |
| Operating Margin | 74.1% |
| Months of Reserves | 279.5 months |
Financial Health Grade: A
In 2023, Farley Volunteer Fire Department reported a surplus of $63K with revenue exceeding expenses, holds 279.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Farley Volunteer Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | -73.7% | +14.0% |
| 2022 | -40.1% | -6.0% | +8.6% |
| 2021 | +190.8% | +53.9% | +36.4% |
| 2020 | -37.0% | -33.7% | +3.7% |
| 2019 | -18.3% | +11.9% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Farley Volunteer Fire Department with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Farley Volunteer Fire Department allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $63K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Farley Volunteer Fire Department:
- Consistent asset growth, from $136,228 in 2014 to $513,843 in 2023.
- Zero liabilities reported across all filing periods, indicating strong financial solvency.
- 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Expenses consistently well below revenue, leading to healthy financial reserves.
- Regular and consistent IRS 990 filings, indicating good transparency.
Frequently Asked Questions about Farley Volunteer Fire Department
Is Farley Volunteer Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Farley Volunteer Fire Department (EIN: 201758806) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Farley Volunteer Fire Department spend its money?
Farley Volunteer Fire Department directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farley Volunteer Fire Department tax-deductible?
Farley Volunteer Fire Department is registered as a tax-exempt nonprofit (EIN: 201758806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Farley Volunteer Fire Department compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Farley Volunteer Fire Department is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Farley Volunteer Fire Department located?
Farley Volunteer Fire Department is headquartered in Farley, Iowa and files with the IRS under EIN 201758806. It is classified under NTEE code M24.
How many years of IRS 990 filings does Farley Volunteer Fire Department have?
Farley Volunteer Fire Department 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 $99K in total revenue.
Is Farley Volunteer Fire Department a good charity?
Based on the provided data, Farley Volunteer Fire Department appears to be a very good charity. They consistently operate with zero liabilities, have grown their assets significantly over time (from $136,228 in 2014 to $513,843 in 2023), and report 0% officer compensation, indicating a highly efficient, volunteer-driven model.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade. Assets have more than tripled from $136,228 in 2014 to $513,843 in 2023, while liabilities have consistently remained at $0. This demonstrates strong financial management and growth.
What is the trend in their revenue and expenses?
Revenue has fluctuated year-to-year, with a high of $199,687 in 2021 and a low of $63,888 in 2014. However, in most years, revenue significantly exceeds expenses, allowing for consistent asset accumulation. Expenses have generally remained well below revenue, indicating efficient operations.
Filing History
IRS 990 filing history for Farley Volunteer Fire Department showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Farley Volunteer Fire Department's revenue has grown by 51.3%, moving from $56K to $85K. Total assets increased by 285.4% over the same period, from $133K to $514K. Total functional expenses fell by 67.9%, from $69K to $22K. In its most recent filing year (2023), Farley Volunteer Fire Department reported a surplus of $63K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $22K | $514K | $0 | — | — |
| 2022 | $120K | $84K | $451K | $0 | — | View 990 |
| 2021 | $200K | $89K | $415K | $0 | — | View 990 |
| 2020 | $69K | $58K | $304K | $0 | — | — |
| 2019 | $109K | $87K | $293K | $0 | — | View 990 |
| 2018 | $133K | $78K | $272K | $0 | — | View 990 |
| 2017 | $104K | $77K | $217K | $0 | — | View 990 |
| 2016 | $80K | $70K | $189K | $0 | — | View 990 |
| 2015 | $107K | $64K | $179K | $0 | — | View 990 |
| 2014 | $64K | $73K | $136K | $0 | — | View 990 |
| 2013 | $83K | $79K | $145K | $0 | — | View 990 |
| 2012 | $87K | $79K | $141K | $0 | — | View 990 |
| 2011 | $56K | $69K | $133K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $22K, and assets of $514K (revenue -28.6% year-over-year).
- 2022: Revenue of $120K, expenses of $84K, and assets of $451K (revenue -40.1% year-over-year).
- 2021: Revenue of $200K, expenses of $89K, and assets of $415K (revenue +190.8% year-over-year).
- 2020: Revenue of $69K, expenses of $58K, and assets of $304K (revenue -37.0% year-over-year).
- 2019: Revenue of $109K, expenses of $87K, and assets of $293K (revenue -18.3% year-over-year).
- 2018: Revenue of $133K, expenses of $78K, and assets of $272K (revenue +27.6% year-over-year).
- 2017: Revenue of $104K, expenses of $77K, and assets of $217K (revenue +31.0% year-over-year).
- 2016: Revenue of $80K, expenses of $70K, and assets of $189K (revenue -25.7% year-over-year).
- 2015: Revenue of $107K, expenses of $64K, and assets of $179K (revenue +67.9% year-over-year).
- 2014: Revenue of $64K, expenses of $73K, and assets of $136K (revenue -22.7% year-over-year).
- 2013: Revenue of $83K, expenses of $79K, and assets of $145K (revenue -4.7% year-over-year).
- 2012: Revenue of $87K, expenses of $79K, and assets of $141K (revenue +53.8% year-over-year).
- 2011: Revenue of $56K, expenses of $69K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farley Volunteer Fire Department:
Data Sources and Methodology
This transparency report for Farley Volunteer Fire Department 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.