Kensington Volunteer Firemans Association Inc

Kensington Volunteer Firemans Association maintains strong assets and volunteer leadership despite fluctuating revenues.

EIN: 141877044 · Berlin, CT · NTEE: M24 · Updated: 2026-03-28

$63KRevenue

$305KAssets

92/100Mission Score (Excellent)

M24

About Kensington Volunteer Firemans Association Inc

Kensington Volunteer Firemans Association Inc (EIN: 141877044) is a nonprofit organization based in Berlin, CT, classified under NTEE code M24. The organization reported total revenue of $63K and total assets of $305K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kensington Volunteer Firemans Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Kensington Volunteer Firemans Association Inc demonstrates consistent financial activity, with revenues fluctuating between approximately $36,000 and $151,000 over the past decade. In the most recent filing (202312), the organization reported revenues of $74,368 against expenses of $78,218, indicating a slight operational deficit for that period. However, the organization maintains a healthy asset base, with $307,258 in assets and $60,975 in liabilities in 2023, showing a strong net asset position. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which is a positive sign for donor confidence and efficient use of funds.

The organization's spending efficiency appears to be reasonable, especially given its volunteer nature. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation suggests that a significant portion of expenses likely goes towards its operational mission. The organization's assets have shown a general upward trend over the years, from $235,879 in 2014 to over $300,000 in recent years, indicating sound financial management and growth in its resource base. The transparency is high due to the consistent filing of IRS Form 990s and the clear indication of no paid executive compensation.

Overall, the Kensington Volunteer Firemans Association Inc appears to be a financially stable and well-managed volunteer organization. Its consistent asset growth, low liabilities relative to assets, and complete reliance on volunteer leadership are strong indicators of its commitment to its mission and efficient use of resources. The fluctuations in revenue and expenses are typical for smaller non-profits, but the overall financial health remains robust.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kensington Volunteer Firemans Association 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Kensington Volunteer Firemans Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization is entirely volunteer-led at the executive level, which is highly commendable for a nonprofit of its 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.

Red Flags

The following concerns were identified during AI analysis of Kensington Volunteer Firemans Association Inc's IRS 990 filings:

Operational deficit in 2023 ($74,368 revenue vs. $78,218 expenses)

Strengths

The following positive indicators were identified for Kensington Volunteer Firemans Association Inc:

Consistent 0% officer compensation across all filings
Strong and growing asset base ($307,258 in 2023)
Low liabilities relative to assets ($60,975 in 2023)
Consistent IRS 990 filing history (14 filings)
Volunteer-driven leadership

Frequently Asked Questions about Kensington Volunteer Firemans Association Inc

Is Kensington Volunteer Firemans Association Inc a good charity?

Based on the provided data, the Kensington Volunteer Firemans Association Inc appears to be a good charity. It has strong financial health with growing assets ($307,258 in 2023), low liabilities ($60,975 in 2023), and operates with 0% officer compensation, indicating a highly volunteer-driven model.

How does the organization manage its finances given fluctuating revenues?

Despite revenues fluctuating significantly (e.g., $151,269 in 2022 vs. $74,368 in 2023), the organization has consistently maintained and grown its asset base, demonstrating prudent financial management and the ability to build reserves.

What is the trend in the organization's net assets?

The organization's net assets have shown a positive trend, increasing from approximately $70,000 in 2014 (Assets $235,879 - Liabilities $165,858) to over $246,000 in 2023 (Assets $307,258 - Liabilities $60,975), indicating strong financial growth and stability.

Filing History

IRS 990 filing history for Kensington Volunteer Firemans Association Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Kensington Volunteer Firemans Association Inc's revenue has grown by 151.1%, moving from $30K to $74K. Total assets decreased by 25.2% over the same period, from $411K to $307K. Total functional expenses fell by 6.9%, from $84K to $78K. In its most recent filing year (2023), Kensington Volunteer Firemans Association Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $61K in liabilities against $307K in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $246K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$74K	$78K	$307K	$61K	—	—
2022	$151K	$84K	$313K	$74K	—	View 990
2021	$58K	$51K	$277K	$85K	—	View 990
2020	$43K	$56K	$269K	$97K	—	View 990
2019	$75K	$41K	$288K	$110K	—	View 990
2018	$106K	$74K	$254K	$122K	—	View 990
2017	$55K	$42K	$241K	$133K	—	View 990
2016	$47K	$45K	$240K	$145K	—	View 990
2015	$74K	$50K	$247K	$156K	—	View 990
2014	$36K	$64K	$236K	$166K	—	View 990
2013	$74K	$95K	$271K	$175K	—	View 990
2012	$43K	$82K	$290K	$184K	—	View 990
2011	$61K	$108K	$357K	$192K	—	View 990
2010	$30K	$84K	$411K	$200K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $74K, expenses of $78K, and assets of $307K (revenue -50.8% year-over-year).
2022: Revenue of $151K, expenses of $84K, and assets of $313K (revenue +160.9% year-over-year).
2021: Revenue of $58K, expenses of $51K, and assets of $277K (revenue +34.6% year-over-year).
2020: Revenue of $43K, expenses of $56K, and assets of $269K (revenue -42.5% year-over-year).
2019: Revenue of $75K, expenses of $41K, and assets of $288K (revenue -29.5% year-over-year).
2018: Revenue of $106K, expenses of $74K, and assets of $254K (revenue +92.6% year-over-year).
2017: Revenue of $55K, expenses of $42K, and assets of $241K (revenue +16.9% year-over-year).
2016: Revenue of $47K, expenses of $45K, and assets of $240K (revenue -35.9% year-over-year).
2015: Revenue of $74K, expenses of $50K, and assets of $247K (revenue +102.3% year-over-year).
2014: Revenue of $36K, expenses of $64K, and assets of $236K (revenue -50.6% year-over-year).
2013: Revenue of $74K, expenses of $95K, and assets of $271K (revenue +71.4% year-over-year).
2012: Revenue of $43K, expenses of $82K, and assets of $290K (revenue -29.7% year-over-year).
2011: Revenue of $61K, expenses of $108K, and assets of $357K (revenue +106.6% year-over-year).
2010: Revenue of $30K, expenses of $84K, and assets of $411K.

Data Sources and Methodology

This transparency report for Kensington Volunteer Firemans Association 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.