Freeport Fire Company Inc
Freeport Fire Company Inc maintains strong assets despite a minor operational deficit in its latest reported period.
EIN: 16014928 · Freeport, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $15K |
| Program Spending | 85% |
| Net Assets | $371K |
| Transparency Score | 80/100 |
Is Freeport Fire Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freeport Fire Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freeport Fire Company Inc
Freeport Fire Company Inc (EIN: 16014928) is a nonprofit organization based in Freeport, ME. The organization reported total revenue of $79K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freeport Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freeport Fire Company Inc is a micro nonprofit that has been operating for 6 years.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $15K |
| Surplus / Deficit | $-2,141 |
| Total Assets | $371K |
| Net Assets | $371K |
| Operating Margin | -16.8% |
| Months of Reserves | 298.6 months |
Financial Health Grade: B
In 2020, Freeport Fire Company Inc reported a deficit of $2K with expenses exceeding revenue, holds 298.6 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
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 Freeport Fire Company Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Freeport Fire Company Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% of expenses in the 202012 filing, indicating that the organization's leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is positive for resource allocation.
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 Freeport Fire Company Inc's IRS 990 filings:
- Expenses ($14,922) exceeded revenue ($12,781) in the latest reported period, indicating a deficit for that year.
Strengths
The following positive indicators were identified for Freeport Fire Company Inc:
- Strong asset base of $371,345 provides financial stability.
- Zero reported officer compensation, indicating volunteer leadership or efficient use of funds.
- No liabilities reported, demonstrating excellent financial solvency.
Frequently Asked Questions about Freeport Fire Company Inc
Is Freeport Fire Company Inc a legitimate charity?
Freeport Fire Company Inc (EIN: 16014928) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. Total revenue: $79K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Freeport Fire Company Inc spend its money?
Freeport Fire Company Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Freeport Fire Company Inc tax-deductible?
Freeport Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 16014928). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Freeport Fire Company Inc's spending goes to programs?
Freeport Fire Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Freeport Fire Company Inc located?
Freeport Fire Company Inc is headquartered in Freeport, Maine and files with the IRS under EIN 16014928.
Is Freeport Fire Company Inc a good charity?
Based on the available data, Freeport Fire Company Inc demonstrates strong financial solvency with $371,345 in assets and no liabilities. Its commitment to mission is suggested by 0% officer compensation. While it had a slight operational deficit in 202012 (expenses $14,922 vs. revenue $12,781), its overall financial health appears robust for a small organization.
How does Freeport Fire Company Inc manage its expenses?
In the 202012 period, Freeport Fire Company Inc incurred $14,922 in expenses. Without a detailed breakdown of these expenses in the provided data, it's difficult to ascertain specific management strategies, but the lack of officer compensation suggests efficient use of funds at the leadership level.
Filing History
IRS 990 filing history for Freeport Fire Company Inc showing financial trends over 1 year of public records:
In its most recent filing year (2020), Freeport Fire Company Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $13K | $15K | $371K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freeport Fire Company Inc:
Data Sources and Methodology
This transparency report for Freeport 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.