Laurel Lake Volunteer Fire And Rescue Company Inc
EIN: 800950576 · Millville, NJ · NTEE: M23
| Metric | Value |
|---|---|
| Total Revenue | $853K |
| Total Expenses | $935K |
| Net Assets | $1.2M |
Is Laurel Lake Volunteer Fire And Rescue Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurel Lake Volunteer Fire And Rescue Company Inc
Laurel Lake Volunteer Fire And Rescue Company Inc (EIN: 800950576) is a nonprofit organization based in Millville, NJ, classified under NTEE code M23. The organization reported total revenue of $853K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Lake Volunteer Fire And Rescue Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Lake Volunteer Fire And Rescue Company Inc is a small nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $891K |
| Total Expenses | $935K |
| Surplus / Deficit | $-44,274 |
| Total Assets | $1.5M |
| Total Liabilities | $325K |
| Net Assets | $1.2M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 19.4 months |
Financial Health Grade: B
In 2023, Laurel Lake Volunteer Fire And Rescue Company Inc reported a deficit of $44K with expenses exceeding revenue, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laurel Lake Volunteer Fire And Rescue Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.0% | +4.2% | -6.5% |
| 2022 | +32.7% | +19.4% | +10.0% |
| 2021 | +7.7% | +7.2% | -0.2% |
| 2020 | +39.1% | +47.8% | +4.4% |
| 2019 | +30.4% | +32.1% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurel Lake Volunteer Fire And Rescue Company Inc 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 Laurel Lake Volunteer Fire And Rescue Company Inc 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 deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.5%.
Frequently Asked Questions about Laurel Lake Volunteer Fire And Rescue Company Inc
Is Laurel Lake Volunteer Fire And Rescue Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurel Lake Volunteer Fire And Rescue Company Inc (EIN: 800950576) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laurel Lake Volunteer Fire And Rescue Company Inc spend its money?
Detailed spending breakdown data is not yet available for Laurel Lake Volunteer Fire And Rescue Company Inc. Check back for updated IRS 990 analysis.
Are donations to Laurel Lake Volunteer Fire And Rescue Company Inc tax-deductible?
Laurel Lake Volunteer Fire And Rescue Company Inc is registered as a tax-exempt nonprofit (EIN: 800950576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurel Lake Volunteer Fire And Rescue Company Inc located?
Laurel Lake Volunteer Fire And Rescue Company Inc is headquartered in Millville, New Jersey and files with the IRS under EIN 800950576. It is classified under NTEE code M23.
How many years of IRS 990 filings does Laurel Lake Volunteer Fire And Rescue Company Inc have?
Laurel Lake Volunteer Fire And Rescue Company Inc 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 $853K in total revenue.
Filing History
IRS 990 filing history for Laurel Lake Volunteer Fire And Rescue Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laurel Lake Volunteer Fire And Rescue Company Inc's revenue has grown by 579.8%, moving from $131K to $891K. Total assets increased by 53.1% over the same period, from $989K to $1.5M. Total functional expenses rose by 390.7%, from $191K to $935K. In its most recent filing year (2023), Laurel Lake Volunteer Fire And Rescue Company Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $325K in liabilities against $1.5M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $891K | $935K | $1.5M | $325K | — | — |
| 2022 | $1.1M | $898K | $1.6M | $387K | — | View 990 |
| 2021 | $819K | $752K | $1.5M | $454K | — | View 990 |
| 2020 | $760K | $701K | $1.5M | $524K | — | — |
| 2019 | $546K | $474K | $1.4M | $570K | — | View 990 |
| 2018 | $419K | $359K | $1.2M | $485K | — | View 990 |
| 2017 | $554K | $397K | $1.2M | $514K | — | View 990 |
| 2016 | $420K | $357K | $1.1M | $541K | — | View 990 |
| 2015 | $295K | $236K | $1.0M | $575K | — | View 990 |
| 2014 | $186K | $201K | $1.0M | $588K | — | View 990 |
| 2013 | $242K | $115K | $805K | $598K | — | View 990 |
| 2012 | $113K | $212K | $868K | $620K | — | View 990 |
| 2011 | $131K | $191K | $989K | $642K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $891K, expenses of $935K, and assets of $1.5M (revenue -18.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $898K, and assets of $1.6M (revenue +32.7% year-over-year).
- 2021: Revenue of $819K, expenses of $752K, and assets of $1.5M (revenue +7.7% year-over-year).
- 2020: Revenue of $760K, expenses of $701K, and assets of $1.5M (revenue +39.1% year-over-year).
- 2019: Revenue of $546K, expenses of $474K, and assets of $1.4M (revenue +30.4% year-over-year).
- 2018: Revenue of $419K, expenses of $359K, and assets of $1.2M (revenue -24.3% year-over-year).
- 2017: Revenue of $554K, expenses of $397K, and assets of $1.2M (revenue +31.9% year-over-year).
- 2016: Revenue of $420K, expenses of $357K, and assets of $1.1M (revenue +42.3% year-over-year).
- 2015: Revenue of $295K, expenses of $236K, and assets of $1.0M (revenue +58.3% year-over-year).
- 2014: Revenue of $186K, expenses of $201K, and assets of $1.0M (revenue -23.1% year-over-year).
- 2013: Revenue of $242K, expenses of $115K, and assets of $805K (revenue +114.1% year-over-year).
- 2012: Revenue of $113K, expenses of $212K, and assets of $868K (revenue -13.6% year-over-year).
- 2011: Revenue of $131K, expenses of $191K, and assets of $989K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Lake Volunteer Fire And Rescue Company Inc:
Data Sources and Methodology
This transparency report for Laurel Lake Volunteer Fire And Rescue Company 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.