Freedom Volunteer Fire Co Inc
EIN: 396075681 · Freedom, WI · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $163K |
| Total Expenses | $167K |
| Net Assets | $25K |
Is Freedom Volunteer Fire Co Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freedom Volunteer Fire Co Inc
Freedom Volunteer Fire Co Inc (EIN: 396075681) is a nonprofit organization based in Freedom, WI, classified under NTEE code M24. The organization reported total revenue of $163K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freedom Volunteer Fire Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freedom Volunteer Fire Co Inc is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $167K |
| Surplus / Deficit | +$14K |
| Total Assets | $25K |
| Net Assets | $25K |
| Operating Margin | 7.7% |
| Months of Reserves | 1.8 months |
Financial Health Grade: A
In 2023, Freedom Volunteer Fire Co Inc reported a surplus of $14K with revenue exceeding expenses, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Freedom Volunteer Fire Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.2% | +34.2% | +125.1% |
| 2022 | +2.3% | -3.8% | +99.9% |
| 2021 | +8.8% | +2.6% | -28.6% |
| 2020 | +2.0% | -1.2% | -54.1% |
| 2019 | +10.8% | +0.7% | -43.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freedom Volunteer Fire Co 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 Freedom Volunteer Fire Co 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about Freedom Volunteer Fire Co Inc
Is Freedom Volunteer Fire Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Freedom Volunteer Fire Co Inc (EIN: 396075681) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freedom Volunteer Fire Co Inc spend its money?
Detailed spending breakdown data is not yet available for Freedom Volunteer Fire Co Inc. Check back for updated IRS 990 analysis.
Are donations to Freedom Volunteer Fire Co Inc tax-deductible?
Freedom Volunteer Fire Co Inc is registered as a tax-exempt nonprofit (EIN: 396075681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freedom Volunteer Fire Co Inc located?
Freedom Volunteer Fire Co Inc is headquartered in Freedom, Wisconsin and files with the IRS under EIN 396075681. It is classified under NTEE code M24.
How many years of IRS 990 filings does Freedom Volunteer Fire Co Inc have?
Freedom Volunteer Fire Co 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 $163K in total revenue.
Filing History
IRS 990 filing history for Freedom Volunteer Fire Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freedom Volunteer Fire Co Inc's revenue has grown by 107.7%, moving from $87K to $182K. Total assets decreased by 87.1% over the same period, from $196K to $25K. Total functional expenses rose by 79.6%, from $93K to $167K. In its most recent filing year (2023), Freedom Volunteer Fire Co Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $167K | $25K | $0 | — | View 990 |
| 2022 | $130K | $125K | $11K | $0 | — | View 990 |
| 2021 | $128K | $130K | $6K | $0 | — | View 990 |
| 2020 | $117K | $127K | $8K | $0 | — | — |
| 2019 | $115K | $128K | $17K | $0 | — | View 990 |
| 2018 | $104K | $127K | $30K | $0 | — | View 990 |
| 2017 | $111K | $84K | $54K | $0 | — | — |
| 2016 | $101K | $110K | $126K | $0 | — | View 990 |
| 2015 | $92K | $117K | $135K | $0 | — | View 990 |
| 2014 | $103K | $122K | $160K | $0 | — | View 990 |
| 2013 | $92K | $94K | $184K | $5K | — | View 990 |
| 2012 | $85K | $100K | $181K | $0 | — | View 990 |
| 2011 | $87K | $93K | $196K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $167K, and assets of $25K (revenue +39.2% year-over-year).
- 2022: Revenue of $130K, expenses of $125K, and assets of $11K (revenue +2.3% year-over-year).
- 2021: Revenue of $128K, expenses of $130K, and assets of $6K (revenue +8.8% year-over-year).
- 2020: Revenue of $117K, expenses of $127K, and assets of $8K (revenue +2.0% year-over-year).
- 2019: Revenue of $115K, expenses of $128K, and assets of $17K (revenue +10.8% year-over-year).
- 2018: Revenue of $104K, expenses of $127K, and assets of $30K (revenue -6.9% year-over-year).
- 2017: Revenue of $111K, expenses of $84K, and assets of $54K (revenue +10.0% year-over-year).
- 2016: Revenue of $101K, expenses of $110K, and assets of $126K (revenue +9.8% year-over-year).
- 2015: Revenue of $92K, expenses of $117K, and assets of $135K (revenue -10.2% year-over-year).
- 2014: Revenue of $103K, expenses of $122K, and assets of $160K (revenue +11.2% year-over-year).
- 2013: Revenue of $92K, expenses of $94K, and assets of $184K (revenue +9.0% year-over-year).
- 2012: Revenue of $85K, expenses of $100K, and assets of $181K (revenue -3.1% year-over-year).
- 2011: Revenue of $87K, expenses of $93K, and assets of $196K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freedom Volunteer Fire Co Inc:
Data Sources and Methodology
This transparency report for Freedom Volunteer Fire Co 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.