Gaston Volunteer Fire Dept Inc
EIN: 311039965 · Gaston, IN · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $407K |
| Total Expenses | $343K |
| Net Assets | $235K |
Is Gaston Volunteer Fire Dept Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gaston Volunteer Fire Dept Inc
Gaston Volunteer Fire Dept Inc (EIN: 311039965) is a nonprofit organization based in Gaston, IN, classified under NTEE code M24. The organization reported total revenue of $407K and total assets of $474K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gaston Volunteer Fire Dept Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gaston Volunteer Fire Dept Inc is a small nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $343K |
| Surplus / Deficit | $-27,812 |
| Total Assets | $489K |
| Total Liabilities | $255K |
| Net Assets | $235K |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 52.0% |
| Months of Reserves | 17.1 months |
Financial Health Grade: C
In 2023, Gaston Volunteer Fire Dept Inc reported a deficit of $28K with expenses exceeding revenue, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 52.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gaston Volunteer Fire Dept Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +127.5% | +319.6% | +73.9% |
| 2020 | +142.4% | +92.1% | +78.5% |
| 2018 | -57.6% | -43.3% | -15.5% |
| 2017 | +26.6% | -21.7% | +5.4% |
| 2016 | +2.5% | +9.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gaston Volunteer Fire Dept 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 Gaston Volunteer Fire Dept 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 deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.0%.
Frequently Asked Questions about Gaston Volunteer Fire Dept Inc
Is Gaston Volunteer Fire Dept Inc a legitimate charity?
Gaston Volunteer Fire Dept Inc (EIN: 311039965) is a registered tax-exempt nonprofit based in Indiana. It has 10 years of IRS 990 filings on record. Total revenue: $407K. No red flags identified. Financial health grade: C.
How does Gaston Volunteer Fire Dept Inc spend its money?
Gaston Volunteer Fire Dept Inc reported $407K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gaston Volunteer Fire Dept Inc tax-deductible?
Gaston Volunteer Fire Dept Inc is registered as a tax-exempt nonprofit (EIN: 311039965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gaston Volunteer Fire Dept Inc located?
Gaston Volunteer Fire Dept Inc is headquartered in Gaston, Indiana and files with the IRS under EIN 311039965. It is classified under NTEE code M24.
How many years of IRS 990 filings does Gaston Volunteer Fire Dept Inc have?
Gaston Volunteer Fire Dept Inc has 10 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 $407K in total revenue.
Filing History
IRS 990 filing history for Gaston Volunteer Fire Dept Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gaston Volunteer Fire Dept Inc's revenue has grown by 172.6%, moving from $116K to $316K. Total assets increased by 953.8% over the same period, from $46K to $489K. Total functional expenses rose by 112.8%, from $161K to $343K. In its most recent filing year (2023), Gaston Volunteer Fire Dept Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $255K in liabilities against $489K in assets (debt-to-asset ratio: 52.0%), resulting in net assets of $235K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $343K | $489K | $255K | — | — |
| 2020 | $139K | $82K | $282K | $58K | — | — |
| 2018 | $57K | $43K | $158K | $0 | — | View 990 |
| 2017 | $135K | $75K | $187K | $91K | — | — |
| 2016 | $107K | $96K | $177K | $120K | — | View 990 |
| 2015 | $104K | $87K | $175K | $127K | — | View 990 |
| 2014 | $108K | $74K | $197K | $144K | — | View 990 |
| 2013 | $98K | $105K | $185K | $161K | — | View 990 |
| 2012 | $106K | $78K | $137K | $165K | — | View 990 |
| 2011 | $116K | $161K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $343K, and assets of $489K (revenue +127.5% year-over-year).
- 2020: Revenue of $139K, expenses of $82K, and assets of $282K (revenue +142.4% year-over-year).
- 2018: Revenue of $57K, expenses of $43K, and assets of $158K (revenue -57.6% year-over-year).
- 2017: Revenue of $135K, expenses of $75K, and assets of $187K (revenue +26.6% year-over-year).
- 2016: Revenue of $107K, expenses of $96K, and assets of $177K (revenue +2.5% year-over-year).
- 2015: Revenue of $104K, expenses of $87K, and assets of $175K (revenue -3.9% year-over-year).
- 2014: Revenue of $108K, expenses of $74K, and assets of $197K (revenue +10.8% year-over-year).
- 2013: Revenue of $98K, expenses of $105K, and assets of $185K (revenue -7.6% year-over-year).
- 2012: Revenue of $106K, expenses of $78K, and assets of $137K (revenue -8.7% year-over-year).
- 2011: Revenue of $116K, expenses of $161K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gaston Volunteer Fire Dept Inc:
Data Sources and Methodology
This transparency report for Gaston Volunteer Fire Dept 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.