Gate City Volunteer Fire Department Inc
EIN: 521571641 · Gate City, VA · NTEE: M24Z
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $157K |
| Net Assets | $104K |
Is Gate City Volunteer Fire Department Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gate City Volunteer Fire Department Inc
Gate City Volunteer Fire Department Inc (EIN: 521571641) is a nonprofit organization based in Gate City, VA, classified under NTEE code M24Z. The organization reported total revenue of $206K and total assets of $341K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gate City Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gate City Volunteer Fire Department Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $157K |
| Surplus / Deficit | $-35,530 |
| Total Assets | $302K |
| Total Liabilities | $198K |
| Net Assets | $104K |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 65.5% |
| Months of Reserves | 23.1 months |
Financial Health Grade: C
In 2023, Gate City Volunteer Fire Department Inc reported a deficit of $36K with expenses exceeding revenue, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 65.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gate City Volunteer Fire Department Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.7% | +1.6% | -29.1% |
| 2022 | -48.1% | +20.4% | -9.1% |
| 2021 | +136.1% | -4.9% | +35.6% |
| 2020 | -2.6% | -7.8% | -10.5% |
| 2019 | -15.6% | -10.8% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gate City Volunteer Fire Department 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 Gate City Volunteer Fire Department 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 $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.5%.
Frequently Asked Questions about Gate City Volunteer Fire Department Inc
Is Gate City Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gate City Volunteer Fire Department Inc (EIN: 521571641) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gate City Volunteer Fire Department Inc spend its money?
Detailed spending breakdown data is not yet available for Gate City Volunteer Fire Department Inc. Check back for updated IRS 990 analysis.
Are donations to Gate City Volunteer Fire Department Inc tax-deductible?
Gate City Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 521571641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gate City Volunteer Fire Department Inc located?
Gate City Volunteer Fire Department Inc is headquartered in Gate City, Virginia and files with the IRS under EIN 521571641. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Gate City Volunteer Fire Department Inc have?
Gate City Volunteer Fire Department 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 $206K in total revenue.
Filing History
IRS 990 filing history for Gate City Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gate City Volunteer Fire Department Inc's revenue has declined by 9.1%, moving from $134K to $122K. Total assets decreased by 38.1% over the same period, from $488K to $302K. Total functional expenses fell by 27%, from $216K to $157K. In its most recent filing year (2023), Gate City Volunteer Fire Department Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $198K in liabilities against $302K in assets (debt-to-asset ratio: 65.5%), resulting in net assets of $104K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $157K | $302K | $198K | — | View 990 |
| 2022 | $146K | $155K | $426K | $242K | — | View 990 |
| 2021 | $282K | $129K | $469K | $276K | — | View 990 |
| 2020 | $119K | $135K | $346K | $306K | — | View 990 |
| 2019 | $123K | $147K | $386K | $331K | — | View 990 |
| 2018 | $145K | $164K | $434K | $355K | — | View 990 |
| 2017 | $131K | $174K | $475K | $377K | — | View 990 |
| 2016 | $124K | $176K | $546K | $399K | — | View 990 |
| 2015 | $160K | $182K | $618K | $420K | — | View 990 |
| 2014 | $128K | $163K | $405K | $186K | — | View 990 |
| 2013 | $163K | $179K | $465K | $211K | — | View 990 |
| 2012 | $195K | $155K | $505K | $235K | — | View 990 |
| 2011 | $134K | $216K | $488K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $157K, and assets of $302K (revenue -16.7% year-over-year).
- 2022: Revenue of $146K, expenses of $155K, and assets of $426K (revenue -48.1% year-over-year).
- 2021: Revenue of $282K, expenses of $129K, and assets of $469K (revenue +136.1% year-over-year).
- 2020: Revenue of $119K, expenses of $135K, and assets of $346K (revenue -2.6% year-over-year).
- 2019: Revenue of $123K, expenses of $147K, and assets of $386K (revenue -15.6% year-over-year).
- 2018: Revenue of $145K, expenses of $164K, and assets of $434K (revenue +11.2% year-over-year).
- 2017: Revenue of $131K, expenses of $174K, and assets of $475K (revenue +5.0% year-over-year).
- 2016: Revenue of $124K, expenses of $176K, and assets of $546K (revenue -22.4% year-over-year).
- 2015: Revenue of $160K, expenses of $182K, and assets of $618K (revenue +25.1% year-over-year).
- 2014: Revenue of $128K, expenses of $163K, and assets of $405K (revenue -21.3% year-over-year).
- 2013: Revenue of $163K, expenses of $179K, and assets of $465K (revenue -16.4% year-over-year).
- 2012: Revenue of $195K, expenses of $155K, and assets of $505K (revenue +45.3% year-over-year).
- 2011: Revenue of $134K, expenses of $216K, and assets of $488K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gate City Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Gate City Volunteer Fire Department 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.