Georgetown Volunteer Fire Department Inc
Georgetown Volunteer Fire Department maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 10319646 · Georgetown, ME · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $82K |
| Total Expenses | $65K |
| Program Spending | 95% |
| Net Assets | $516K |
| Transparency Score | 92/100 |
Is Georgetown Volunteer Fire Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgetown Volunteer Fire Department Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgetown Volunteer Fire Department Inc
Georgetown Volunteer Fire Department Inc (EIN: 10319646) is a nonprofit organization based in Georgetown, ME, classified under NTEE code M24. The organization reported total revenue of $82K and total assets of $535K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgetown Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgetown Volunteer Fire Department Inc is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $65K |
| Surplus / Deficit | +$14K |
| Total Assets | $516K |
| Net Assets | $516K |
| Operating Margin | 17.5% |
| Months of Reserves | 94.6 months |
Financial Health Grade: A
In 2024, Georgetown Volunteer Fire Department Inc reported a surplus of $14K with revenue exceeding expenses, holds 94.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Georgetown Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -30.6% | -28.9% | +2.8% |
| 2023 | -30.3% | +27.6% | -1.1% |
| 2022 | +17.0% | +47.3% | +6.9% |
| 2021 | +30.7% | -63.5% | +59.9% |
| 2020 | +1.7% | +69.9% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Georgetown Volunteer Fire Department Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Georgetown Volunteer Fire Department Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure, 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 Georgetown Volunteer Fire Department Inc:
- Consistent asset growth, from $273,185 in 2015 to $535,196 currently.
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Strong program focus due to minimal administrative overhead.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Minimal or zero liabilities in most recent periods, indicating strong financial management.
Frequently Asked Questions about Georgetown Volunteer Fire Department Inc
Is Georgetown Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgetown Volunteer Fire Department Inc (EIN: 10319646) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Georgetown Volunteer Fire Department Inc spend its money?
Georgetown Volunteer Fire Department Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgetown Volunteer Fire Department Inc tax-deductible?
Georgetown Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 10319646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Georgetown Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Georgetown Volunteer Fire Department Inc 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 Georgetown Volunteer Fire Department Inc located?
Georgetown Volunteer Fire Department Inc is headquartered in Georgetown, Maine and files with the IRS under EIN 10319646. It is classified under NTEE code M24.
How many years of IRS 990 filings does Georgetown Volunteer Fire Department Inc have?
Georgetown 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 $82K in total revenue.
Is Georgetown Volunteer Fire Department Inc. a good charity?
Yes, based on the available IRS 990 data, Georgetown Volunteer Fire Department Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets (currently $535,196), consistent transparency through regular filings, and exceptional spending efficiency due to 0% officer compensation, meaning funds are directed towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $273,185 in 2015 to $535,196 currently. While revenue has fluctuated, expenses have generally been managed well below income, contributing to this asset growth and overall stability.
What is the organization's approach to executive compensation?
The Georgetown Volunteer Fire Department Inc. has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation in all 13 filings. This indicates that its leadership is entirely volunteer-based, maximizing the allocation of funds to its programs.
Filing History
IRS 990 filing history for Georgetown Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Georgetown Volunteer Fire Department Inc's revenue has grown by 30.7%, moving from $61K to $79K. Total assets increased by 108.7% over the same period, from $247K to $516K. Total functional expenses rose by 21.6%, from $54K to $65K. In its most recent filing year (2024), Georgetown Volunteer Fire Department Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $79K | $65K | $516K | $0 | — | — |
| 2023 | $114K | $92K | $502K | $0 | — | View 990 |
| 2022 | $164K | $72K | $508K | $28K | — | View 990 |
| 2021 | $140K | $49K | $475K | $87K | — | — |
| 2020 | $107K | $134K | $297K | $0 | — | View 990 |
| 2019 | $106K | $79K | $324K | $0 | — | View 990 |
| 2018 | $90K | $88K | $297K | $0 | — | View 990 |
| 2017 | $102K | $86K | $296K | $0 | — | View 990 |
| 2016 | $100K | $94K | $279K | $0 | — | View 990 |
| 2015 | $103K | $94K | $273K | $0 | — | View 990 |
| 2014 | $70K | $63K | $264K | $0 | — | View 990 |
| 2013 | $77K | $67K | $257K | $0 | — | View 990 |
| 2012 | $61K | $54K | $247K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $79K, expenses of $65K, and assets of $516K (revenue -30.6% year-over-year).
- 2023: Revenue of $114K, expenses of $92K, and assets of $502K (revenue -30.3% year-over-year).
- 2022: Revenue of $164K, expenses of $72K, and assets of $508K (revenue +17.0% year-over-year).
- 2021: Revenue of $140K, expenses of $49K, and assets of $475K (revenue +30.7% year-over-year).
- 2020: Revenue of $107K, expenses of $134K, and assets of $297K (revenue +1.7% year-over-year).
- 2019: Revenue of $106K, expenses of $79K, and assets of $324K (revenue +17.4% year-over-year).
- 2018: Revenue of $90K, expenses of $88K, and assets of $297K (revenue -12.0% year-over-year).
- 2017: Revenue of $102K, expenses of $86K, and assets of $296K (revenue +2.2% year-over-year).
- 2016: Revenue of $100K, expenses of $94K, and assets of $279K (revenue -2.5% year-over-year).
- 2015: Revenue of $103K, expenses of $94K, and assets of $273K (revenue +45.7% year-over-year).
- 2014: Revenue of $70K, expenses of $63K, and assets of $264K (revenue -8.2% year-over-year).
- 2013: Revenue of $77K, expenses of $67K, and assets of $257K (revenue +26.3% year-over-year).
- 2012: Revenue of $61K, expenses of $54K, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgetown Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Georgetown 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.