Godwin Falcon Fire Dept Inc
EIN: 561403391 · Falcon, NC · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $588K |
| Total Expenses | $586K |
| Net Assets | $845K |
Is Godwin Falcon 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 Godwin Falcon Fire Dept Inc
Godwin Falcon Fire Dept Inc (EIN: 561403391) is a nonprofit organization based in Falcon, NC, classified under NTEE code M24. The organization reported total revenue of $588K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Godwin Falcon Fire Dept Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Godwin Falcon Fire Dept Inc is a small nonprofit that has been operating for 11 years, with 11 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $548K |
| Total Expenses | $586K |
| Surplus / Deficit | $-37,986 |
| Total Assets | $2.3M |
| Total Liabilities | $1.4M |
| Net Assets | $845K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 62.4% |
| Months of Reserves | 46.1 months |
Financial Health Grade: C
In 2024, Godwin Falcon Fire Dept Inc reported a deficit of $38K with expenses exceeding revenue, holds 46.1 months of operating reserves (strong position), has a debt-to-asset ratio of 62.4% (high leverage).
Financial Trends
Over 11 years of filings (2014–2024), Godwin Falcon Fire Dept Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.1% | +0.6% | -5.2% |
| 2023 | -15.1% | +4.4% | +10.6% |
| 2022 | +38.7% | +23.7% | +4.7% |
| 2021 | +16.8% | +3.7% | +1.2% |
| 2020 | -38.0% | -8.1% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Godwin Falcon 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 Godwin Falcon 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.4%.
Frequently Asked Questions about Godwin Falcon Fire Dept Inc
Is Godwin Falcon Fire Dept Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Godwin Falcon Fire Dept Inc (EIN: 561403391) insufficient data. 0 red flags identified, 0 strengths noted.
How does Godwin Falcon Fire Dept Inc spend its money?
Detailed spending breakdown data is not yet available for Godwin Falcon Fire Dept Inc. Check back for updated IRS 990 analysis.
Are donations to Godwin Falcon Fire Dept Inc tax-deductible?
Godwin Falcon Fire Dept Inc is registered as a tax-exempt nonprofit (EIN: 561403391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Godwin Falcon Fire Dept Inc located?
Godwin Falcon Fire Dept Inc is headquartered in Falcon, North Carolina and files with the IRS under EIN 561403391. It is classified under NTEE code M24.
How many years of IRS 990 filings does Godwin Falcon Fire Dept Inc have?
Godwin Falcon Fire Dept Inc has 11 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 $588K in total revenue.
Filing History
IRS 990 filing history for Godwin Falcon Fire Dept Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Godwin Falcon Fire Dept Inc's revenue has grown by 66.4%, moving from $329K to $548K. Total assets decreased by 4.3% over the same period, from $2.4M to $2.3M. Total functional expenses rose by 31.6%, from $445K to $586K. In its most recent filing year (2024), Godwin Falcon Fire Dept Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $2.3M in assets (debt-to-asset ratio: 62.4%), resulting in net assets of $845K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $548K | $586K | $2.3M | $1.4M | — | — |
| 2023 | $578K | $583K | $2.4M | $1.5M | — | View 990 |
| 2022 | $681K | $558K | $2.1M | $1.3M | — | View 990 |
| 2021 | $491K | $451K | $2.1M | $1.3M | — | View 990 |
| 2020 | $420K | $435K | $2.0M | $1.3M | — | View 990 |
| 2019 | $678K | $474K | $2.1M | $1.3M | — | View 990 |
| 2018 | $348K | $420K | $1.9M | $1.3M | — | View 990 |
| 2017 | $329K | $441K | $2.0M | $1.4M | — | View 990 |
| 2016 | $358K | $456K | $2.1M | $1.4M | — | View 990 |
| 2015 | $325K | $441K | $2.2M | $1.4M | — | View 990 |
| 2014 | $329K | $445K | $2.4M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $548K, expenses of $586K, and assets of $2.3M (revenue -5.1% year-over-year).
- 2023: Revenue of $578K, expenses of $583K, and assets of $2.4M (revenue -15.1% year-over-year).
- 2022: Revenue of $681K, expenses of $558K, and assets of $2.1M (revenue +38.7% year-over-year).
- 2021: Revenue of $491K, expenses of $451K, and assets of $2.1M (revenue +16.8% year-over-year).
- 2020: Revenue of $420K, expenses of $435K, and assets of $2.0M (revenue -38.0% year-over-year).
- 2019: Revenue of $678K, expenses of $474K, and assets of $2.1M (revenue +94.5% year-over-year).
- 2018: Revenue of $348K, expenses of $420K, and assets of $1.9M (revenue +6.1% year-over-year).
- 2017: Revenue of $329K, expenses of $441K, and assets of $2.0M (revenue -8.2% year-over-year).
- 2016: Revenue of $358K, expenses of $456K, and assets of $2.1M (revenue +10.1% year-over-year).
- 2015: Revenue of $325K, expenses of $441K, and assets of $2.2M (revenue -1.3% year-over-year).
- 2014: Revenue of $329K, expenses of $445K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Godwin Falcon Fire Dept Inc:
Data Sources and Methodology
This transparency report for Godwin Falcon 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.