Goose Rocks Beach Fire Company
Goose Rocks Beach Fire Company maintains zero liabilities and no officer compensation, showing consistent asset growth.
EIN: 16047645 · Kennebunkport, ME · NTEE: M24 · Updated: 2026-03-28
Is Goose Rocks Beach Fire Company Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goose Rocks Beach Fire Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goose Rocks Beach Fire Company
Goose Rocks Beach Fire Company (EIN: 16047645) is a nonprofit organization based in Kennebunkport, ME, classified under NTEE code M24. The organization reported total revenue of $240K and total assets of $719K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goose Rocks Beach Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goose Rocks Beach Fire Company 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Goose Rocks Beach Fire Company allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely volunteer-led or that any compensation falls below the reporting threshold for officers, which is highly efficient for an organization with assets of $658,099.
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 Goose Rocks Beach Fire Company:
- Consistent zero liabilities across all filings
- No reported officer compensation (0%)
- Steady growth in assets, from $528,867 in 2014 to $658,099 in 2023
- Consistent IRS 990 filing history (13 filings)
- Expenses consistently well below revenue in most recent periods (e.g., 2023: $28,876 expenses vs. $74,579 revenue)
Frequently Asked Questions about Goose Rocks Beach Fire Company
Is Goose Rocks Beach Fire Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Goose Rocks Beach Fire Company (EIN: 16047645) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Goose Rocks Beach Fire Company spend its money?
Goose Rocks Beach Fire Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goose Rocks Beach Fire Company tax-deductible?
Goose Rocks Beach Fire Company is registered as a tax-exempt nonprofit (EIN: 16047645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Goose Rocks Beach Fire Company a good charity?
Based on its financial data, Goose Rocks Beach Fire Company appears to be a very good charity. It consistently reports zero liabilities, no officer compensation, and has shown steady asset growth, indicating strong financial health and efficient use of resources.
How does Goose Rocks Beach Fire Company manage its finances?
The organization manages its finances conservatively, consistently operating without debt (zero liabilities) and accumulating assets, which grew from $528,867 in 2014 to $658,099 in 2023. Its expenses are well below revenue in most years, contributing to its financial stability.
What is the organization's overhead?
The organization's overhead appears to be very low, primarily due to the reported 0% officer compensation across all filings. This suggests a significant reliance on volunteer efforts or very modest administrative costs not related to executive salaries.
Filing History
IRS 990 filing history for Goose Rocks Beach Fire Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goose Rocks Beach Fire Company's revenue has grown by 42%, moving from $53K to $75K. Total assets increased by 31.7% over the same period, from $500K to $658K. Total functional expenses fell by 27.4%, from $40K to $29K. In its most recent filing year (2023), Goose Rocks Beach Fire Company reported a surplus of $46K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $29K | $658K | $0 | — | — |
| 2022 | $62K | $44K | $617K | $0 | — | — |
| 2021 | $81K | $52K | $599K | $0 | — | View 990 |
| 2020 | $63K | $41K | $570K | $0 | — | — |
| 2019 | $87K | $79K | $551K | $0 | — | View 990 |
| 2018 | $81K | $74K | $543K | $0 | — | View 990 |
| 2017 | $74K | $46K | $536K | $0 | — | View 990 |
| 2016 | $42K | $65K | $508K | $0 | — | View 990 |
| 2015 | $58K | $56K | $531K | $0 | — | View 990 |
| 2014 | $56K | $46K | $529K | $0 | — | View 990 |
| 2013 | $54K | $47K | $519K | $0 | — | View 990 |
| 2012 | $58K | $44K | $513K | $0 | — | View 990 |
| 2011 | $53K | $40K | $500K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $29K, and assets of $658K (revenue +20.8% year-over-year).
- 2022: Revenue of $62K, expenses of $44K, and assets of $617K (revenue -24.2% year-over-year).
- 2021: Revenue of $81K, expenses of $52K, and assets of $599K (revenue +28.8% year-over-year).
- 2020: Revenue of $63K, expenses of $41K, and assets of $570K (revenue -27.3% year-over-year).
- 2019: Revenue of $87K, expenses of $79K, and assets of $551K (revenue +7.3% year-over-year).
- 2018: Revenue of $81K, expenses of $74K, and assets of $543K (revenue +10.0% year-over-year).
- 2017: Revenue of $74K, expenses of $46K, and assets of $536K (revenue +77.0% year-over-year).
- 2016: Revenue of $42K, expenses of $65K, and assets of $508K (revenue -28.5% year-over-year).
- 2015: Revenue of $58K, expenses of $56K, and assets of $531K (revenue +4.0% year-over-year).
- 2014: Revenue of $56K, expenses of $46K, and assets of $529K (revenue +4.2% year-over-year).
- 2013: Revenue of $54K, expenses of $47K, and assets of $519K (revenue -6.7% year-over-year).
- 2012: Revenue of $58K, expenses of $44K, and assets of $513K (revenue +9.6% year-over-year).
- 2011: Revenue of $53K, expenses of $40K, and assets of $500K.
Data Sources and Methodology
This transparency report for Goose Rocks Beach Fire Company 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.