Hopewell Volunteer Fire Department
EIN: 900353935 · Madisonville, TN · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $82K |
| Net Assets | $201K |
Is Hopewell Volunteer Fire Department Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hopewell Volunteer Fire Department
Hopewell Volunteer Fire Department (EIN: 900353935) is a nonprofit organization based in Madisonville, TN, classified under NTEE code M24. The organization reported total revenue of $175K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopewell Volunteer Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopewell Volunteer Fire Department is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 26.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $82K |
| Surplus / Deficit | +$79K |
| Total Assets | $201K |
| Net Assets | $201K |
| Operating Margin | 48.8% |
| Months of Reserves | 29.3 months |
Financial Health Grade: A
In 2023, Hopewell Volunteer Fire Department reported a surplus of $79K with revenue exceeding expenses, holds 29.3 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Hopewell Volunteer Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +172.1% | +80.3% | +64.2% |
| 2022 | +9.3% | +24.8% | +12.3% |
| 2021 | +143.7% | -12.1% | +19.1% |
| 2020 | -54.4% | +4.6% | -17.5% |
| 2019 | +34.5% | -16.6% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hopewell Volunteer Fire Department 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 Hopewell Volunteer Fire Department 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 surplus of $79K, with revenue exceeding expenses.
Frequently Asked Questions about Hopewell Volunteer Fire Department
Is Hopewell Volunteer Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopewell Volunteer Fire Department (EIN: 900353935) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hopewell Volunteer Fire Department spend its money?
Detailed spending breakdown data is not yet available for Hopewell Volunteer Fire Department. Check back for updated IRS 990 analysis.
Are donations to Hopewell Volunteer Fire Department tax-deductible?
Hopewell Volunteer Fire Department is registered as a tax-exempt nonprofit (EIN: 900353935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hopewell Volunteer Fire Department located?
Hopewell Volunteer Fire Department is headquartered in Madisonville, Tennessee and files with the IRS under EIN 900353935. It is classified under NTEE code M24.
How many years of IRS 990 filings does Hopewell Volunteer Fire Department have?
Hopewell Volunteer Fire Department has 8 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 $175K in total revenue.
Filing History
IRS 990 filing history for Hopewell Volunteer Fire Department showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Hopewell Volunteer Fire Department's revenue has grown by 414.3%, moving from $31K to $161K. Total assets increased by 125.4% over the same period, from $89K to $201K. Total functional expenses rose by 328.8%, from $19K to $82K. In its most recent filing year (2023), Hopewell Volunteer Fire Department reported a surplus of $79K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $82K | $201K | $0 | — | — |
| 2022 | $59K | $46K | $122K | $0 | — | View 990 |
| 2021 | $54K | $37K | $109K | $0 | — | — |
| 2020 | $22K | $42K | $91K | $0 | — | View 990 |
| 2019 | $49K | $40K | $111K | $0 | — | View 990 |
| 2018 | $36K | $48K | $102K | $0 | — | View 990 |
| 2017 | $52K | $27K | $114K | $0 | — | View 990 |
| 2016 | $31K | $19K | $89K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $82K, and assets of $201K (revenue +172.1% year-over-year).
- 2022: Revenue of $59K, expenses of $46K, and assets of $122K (revenue +9.3% year-over-year).
- 2021: Revenue of $54K, expenses of $37K, and assets of $109K (revenue +143.7% year-over-year).
- 2020: Revenue of $22K, expenses of $42K, and assets of $91K (revenue -54.4% year-over-year).
- 2019: Revenue of $49K, expenses of $40K, and assets of $111K (revenue +34.5% year-over-year).
- 2018: Revenue of $36K, expenses of $48K, and assets of $102K (revenue -29.8% year-over-year).
- 2017: Revenue of $52K, expenses of $27K, and assets of $114K (revenue +64.9% year-over-year).
- 2016: Revenue of $31K, expenses of $19K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopewell Volunteer Fire Department:
Data Sources and Methodology
This transparency report for Hopewell Volunteer Fire Department 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.