Herbertsville Firc Co No 1
Herbertsville Firc Co No 1 maintains strong financial health with growing assets and no executive compensation.
EIN: 216016915 · Brick, NJ · NTEE: M24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $194K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.6 |
| Net Assets | $2.4M |
| Transparency Score | 92/100 |
Is Herbertsville Firc Co No 1 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herbertsville Firc Co No 1 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herbertsville Firc Co No 1
Herbertsville Firc Co No 1 (EIN: 216016915) is a nonprofit organization based in Brick, NJ, classified under NTEE code M24Z. The organization reported total revenue of $295K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herbertsville Firc Co No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herbertsville Firc Co No 1 is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $194K |
| Surplus / Deficit | +$25K |
| Total Assets | $2.6M |
| Total Liabilities | $242K |
| Net Assets | $2.4M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 162.5 months |
Financial Health Grade: A
In 2023, Herbertsville Firc Co No 1 reported a surplus of $25K with revenue exceeding expenses, holds 162.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Herbertsville Firc Co No 1's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +12.2% | -0.6% |
| 2022 | +21.4% | +28.4% | -0.6% |
| 2021 | -10.4% | -22.6% | +7.9% |
| 2020 | +12.0% | +96.9% | -0.8% |
| 2019 | +1.5% | +57.4% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Herbertsville Firc Co No 1 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: 90%
- fundraising: 5%
According to IRS 990 filings, Herbertsville Firc Co No 1 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with assets exceeding $2.6 million.
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 Herbertsville Firc Co No 1:
- Consistent asset growth, reaching $2,625,311 in 2023.
- Decreasing liabilities, from $586,511 in 2013 to $242,416 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- Revenue consistently exceeding expenses, leading to financial stability and surplus.
- Strong program focus inherent in its NTEE code (Volunteer Fire Departments) and lack of executive compensation.
Frequently Asked Questions about Herbertsville Firc Co No 1
Is Herbertsville Firc Co No 1 a legitimate charity?
Herbertsville Firc Co No 1 (EIN: 216016915) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $295K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Herbertsville Firc Co No 1 spend its money?
Herbertsville Firc Co No 1 directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Herbertsville Firc Co No 1 tax-deductible?
Herbertsville Firc Co No 1 is registered as a tax-exempt nonprofit (EIN: 216016915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Herbertsville Firc Co No 1 CEO make?
Herbertsville Firc Co No 1's highest-compensated officer earns $2.6 annually. The organization reported $295K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Herbertsville Firc Co No 1's spending goes to programs?
Herbertsville Firc Co No 1 directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Herbertsville Firc Co No 1 compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Herbertsville Firc Co No 1 is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Herbertsville Firc Co No 1 located?
Herbertsville Firc Co No 1 is headquartered in Brick, New Jersey and files with the IRS under EIN 216016915. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Herbertsville Firc Co No 1 have?
Herbertsville Firc Co No 1 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 $295K in total revenue.
Is Herbertsville Firc Co No 1 a good charity?
Based on the financial data, Herbertsville Firc Co No 1 appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, decreasing liabilities, and a commitment to its mission with 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has consistently improved. Assets have grown from $2,110,793 in 2013 to $2,625,311 in 2023, while liabilities have significantly decreased from $586,511 to $242,416 over the same period, indicating robust financial management.
What is the organization's approach to executive compensation?
Herbertsville Firc Co No 1 has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests a volunteer-driven leadership model, ensuring resources are directed to the mission.
Filing History
IRS 990 filing history for Herbertsville Firc Co No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Herbertsville Firc Co No 1's revenue has grown by 35.9%, moving from $161K to $219K. Total assets increased by 36.8% over the same period, from $1.9M to $2.6M. Total functional expenses rose by 138.8%, from $81K to $194K. In its most recent filing year (2023), Herbertsville Firc Co No 1 reported a surplus of $25K, with revenue exceeding expenses. The organization holds $242K in liabilities against $2.6M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $194K | $2.6M | $242K | — | — |
| 2022 | $206K | $173K | $2.6M | $282K | — | — |
| 2021 | $170K | $135K | $2.7M | $321K | — | View 990 |
| 2020 | $190K | $174K | $2.5M | $358K | — | View 990 |
| 2019 | $169K | $88K | $2.5M | $394K | — | View 990 |
| 2018 | $167K | $56K | $2.4M | $428K | — | View 990 |
| 2017 | $194K | $95K | $2.4M | $462K | — | View 990 |
| 2016 | $244K | $128K | $1 | $0 | — | View 990 |
| 2014 | $222K | $119K | $2.2M | $556K | — | View 990 |
| 2013 | $210K | $104K | $2.1M | $587K | — | View 990 |
| 2012 | $161K | $72K | $2.0M | $615K | — | View 990 |
| 2011 | $163K | $88K | $2.0M | $640K | — | View 990 |
| 2010 | $161K | $81K | $1.9M | $665K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $194K, and assets of $2.6M (revenue +6.0% year-over-year).
- 2022: Revenue of $206K, expenses of $173K, and assets of $2.6M (revenue +21.4% year-over-year).
- 2021: Revenue of $170K, expenses of $135K, and assets of $2.7M (revenue -10.4% year-over-year).
- 2020: Revenue of $190K, expenses of $174K, and assets of $2.5M (revenue +12.0% year-over-year).
- 2019: Revenue of $169K, expenses of $88K, and assets of $2.5M (revenue +1.5% year-over-year).
- 2018: Revenue of $167K, expenses of $56K, and assets of $2.4M (revenue -14.1% year-over-year).
- 2017: Revenue of $194K, expenses of $95K, and assets of $2.4M (revenue -20.4% year-over-year).
- 2016: Revenue of $244K, expenses of $128K, and assets of $1 (revenue +9.6% year-over-year).
- 2014: Revenue of $222K, expenses of $119K, and assets of $2.2M (revenue +6.0% year-over-year).
- 2013: Revenue of $210K, expenses of $104K, and assets of $2.1M (revenue +30.4% year-over-year).
- 2012: Revenue of $161K, expenses of $72K, and assets of $2.0M (revenue -1.6% year-over-year).
- 2011: Revenue of $163K, expenses of $88K, and assets of $2.0M (revenue +1.6% year-over-year).
- 2010: Revenue of $161K, expenses of $81K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herbertsville Firc Co No 1:
Data Sources and Methodology
This transparency report for Herbertsville Firc Co No 1 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.