Kingwood Township Volunteer Fire Company No 1
Kingwood Township Volunteer Fire Company No 1 maintains strong financial health with consistent asset growth and no reported officer compensation.
EIN: 201220723 · Baptistown, NJ · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $267K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Kingwood Township Volunteer Fire Company No 1 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kingwood Township Volunteer Fire Company No 1 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kingwood Township Volunteer Fire Company No 1
Kingwood Township Volunteer Fire Company No 1 (EIN: 201220723) is a nonprofit organization based in Baptistown, NJ, classified under NTEE code M24. The organization reported total revenue of $361K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingwood Township Volunteer Fire Company No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingwood Township Volunteer Fire Company No 1 is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $267K |
| Surplus / Deficit | +$168K |
| Total Assets | $1.4M |
| Total Liabilities | $300 |
| Net Assets | $1.4M |
| Operating Margin | 38.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.0 months |
Financial Health Grade: A
In 2023, Kingwood Township Volunteer Fire Company No 1 reported a surplus of $168K with revenue exceeding expenses, holds 61.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kingwood Township Volunteer Fire Company No 1's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.8% | -36.5% | +14.6% |
| 2022 | +9.9% | +66.1% | -6.9% |
| 2021 | +11.2% | -7.4% | +4.5% |
| 2020 | -21.9% | +6.4% | +1.0% |
| 2019 | -6.5% | -12.5% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Kingwood Township Volunteer Fire Company No 1 with a Mission Score of 95 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, Kingwood Township Volunteer Fire Company No 1 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $168K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure, which is highly efficient and transparent for a nonprofit of this 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.
Strengths
The following positive indicators were identified for Kingwood Township Volunteer Fire Company No 1:
- Consistent asset growth, increasing from $874,911 in 2014 to $1,354,856 in 2023.
- Extremely low liabilities, consistently reported at $300 for most years, indicating minimal debt.
- No reported officer compensation across all filings, highlighting a volunteer-driven model and high efficiency.
- Generally strong revenue generation exceeding expenses, contributing to financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Kingwood Township Volunteer Fire Company No 1
Is Kingwood Township Volunteer Fire Company No 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Kingwood Township Volunteer Fire Company No 1 (EIN: 201220723) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Kingwood Township Volunteer Fire Company No 1 spend its money?
Kingwood Township Volunteer Fire Company No 1 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kingwood Township Volunteer Fire Company No 1 tax-deductible?
Kingwood Township Volunteer Fire Company No 1 is registered as a tax-exempt nonprofit (EIN: 201220723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kingwood Township Volunteer Fire Company No 1 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Kingwood Township Volunteer Fire Company No 1 is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kingwood Township Volunteer Fire Company No 1 located?
Kingwood Township Volunteer Fire Company No 1 is headquartered in Baptistown, New Jersey and files with the IRS under EIN 201220723. It is classified under NTEE code M24.
How many years of IRS 990 filings does Kingwood Township Volunteer Fire Company No 1 have?
Kingwood Township Volunteer Fire Company 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 $361K in total revenue.
Is Kingwood Township Volunteer Fire Company No 1 a good charity?
Based on its financial data, Kingwood Township Volunteer Fire Company No 1 appears to be a very good charity. It consistently maintains strong assets, low liabilities, and reports no officer compensation, indicating a high degree of efficiency and dedication to its mission.
How does the organization manage its expenses?
The organization generally manages its expenses well, with revenues often exceeding expenses, as seen in 2023 ($434,290 revenue vs. $266,586 expenses). While there was a year (2022) where expenses ($419,583) exceeded revenue ($342,551), this appears to be an anomaly in an otherwise fiscally sound trend.
What is the trend in the organization's assets?
The organization shows a consistent upward trend in assets, growing from $874,911 in 2014 to $1,354,856 in 2023, demonstrating strong financial growth and stability over the past decade.
Filing History
IRS 990 filing history for Kingwood Township Volunteer Fire Company No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kingwood Township Volunteer Fire Company No 1's revenue has grown by 82.1%, moving from $238K to $434K. Total assets increased by 42.3% over the same period, from $952K to $1.4M. Total functional expenses fell by 4.5%, from $279K to $267K. In its most recent filing year (2023), Kingwood Township Volunteer Fire Company No 1 reported a surplus of $168K, with revenue exceeding expenses. The organization holds $300 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $267K | $1.4M | $300 | — | — |
| 2022 | $343K | $420K | $1.2M | $300 | — | View 990 |
| 2021 | $312K | $253K | $1.3M | $300 | — | View 990 |
| 2020 | $280K | $273K | $1.2M | $300 | — | — |
| 2019 | $359K | $256K | $1.2M | $300 | — | View 990 |
| 2018 | $384K | $293K | $1.1M | $18K | — | View 990 |
| 2017 | $294K | $235K | $1.0M | $300 | — | View 990 |
| 2016 | $227K | $266K | $945K | $300 | — | View 990 |
| 2015 | $345K | $234K | $984K | $300 | — | View 990 |
| 2014 | $245K | $232K | $875K | $300 | — | View 990 |
| 2013 | $215K | $256K | $923K | $64K | — | View 990 |
| 2012 | $241K | $259K | $898K | $300 | — | View 990 |
| 2011 | $238K | $279K | $952K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $267K, and assets of $1.4M (revenue +26.8% year-over-year).
- 2022: Revenue of $343K, expenses of $420K, and assets of $1.2M (revenue +9.9% year-over-year).
- 2021: Revenue of $312K, expenses of $253K, and assets of $1.3M (revenue +11.2% year-over-year).
- 2020: Revenue of $280K, expenses of $273K, and assets of $1.2M (revenue -21.9% year-over-year).
- 2019: Revenue of $359K, expenses of $256K, and assets of $1.2M (revenue -6.5% year-over-year).
- 2018: Revenue of $384K, expenses of $293K, and assets of $1.1M (revenue +30.7% year-over-year).
- 2017: Revenue of $294K, expenses of $235K, and assets of $1.0M (revenue +29.6% year-over-year).
- 2016: Revenue of $227K, expenses of $266K, and assets of $945K (revenue -34.3% year-over-year).
- 2015: Revenue of $345K, expenses of $234K, and assets of $984K (revenue +40.7% year-over-year).
- 2014: Revenue of $245K, expenses of $232K, and assets of $875K (revenue +14.1% year-over-year).
- 2013: Revenue of $215K, expenses of $256K, and assets of $923K (revenue -11.1% year-over-year).
- 2012: Revenue of $241K, expenses of $259K, and assets of $898K (revenue +1.3% year-over-year).
- 2011: Revenue of $238K, expenses of $279K, and assets of $952K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingwood Township Volunteer Fire Company No 1:
Data Sources and Methodology
This transparency report for Kingwood Township Volunteer Fire Company 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.