Longtown Volunteer Fire Department Inc
Longtown Volunteer Fire Department Inc shows consistent financial growth and zero officer compensation.
EIN: 204945413 · Nebo, NC · NTEE: M24 · Updated: 2026-03-28
Is Longtown Volunteer Fire Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Longtown Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Longtown Volunteer Fire Department Inc
Longtown Volunteer Fire Department Inc (EIN: 204945413) is a nonprofit organization based in Nebo, NC, classified under NTEE code M24. The organization reported total revenue of $571K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Longtown Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Longtown Volunteer Fire Department Inc is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $571K |
| Total Expenses | $382K |
| Surplus / Deficit | +$190K |
| Total Assets | $1.5M |
| Total Liabilities | $154K |
| Net Assets | $1.4M |
| Operating Margin | 33.2% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 48.5 months |
Financial Health Grade: A
In 2024, Longtown Volunteer Fire Department Inc reported a surplus of $190K with revenue exceeding expenses, holds 48.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Longtown Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +64.6% | +48.2% | +8.4% |
| 2023 | +44.8% | +76.4% | +28.4% |
| 2022 | +7.1% | -4.2% | +9.2% |
| 2021 | +5.6% | +11.7% | +7.6% |
| 2020 | +3.0% | +21.3% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Longtown Volunteer Fire Department Inc 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, Longtown Volunteer Fire Department Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership operates on a volunteer basis, which is highly commendable for a nonprofit of its size and mission.
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 Longtown Volunteer Fire Department Inc:
- Consistent revenue growth, from $150,998 in 2015 to $571,408 in 2024.
- Significant asset accumulation, reaching $1,542,383 in 2024 from $841,268 in 2015.
- Zero officer compensation reported across all filings, indicating a volunteer-led model.
- Healthy surplus of revenue over expenses in recent years, contributing to financial stability.
- Low liabilities relative to assets in the latest filing ($153,917 liabilities vs. $1,542,383 assets).
Frequently Asked Questions about Longtown Volunteer Fire Department Inc
Is Longtown Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Longtown Volunteer Fire Department Inc (EIN: 204945413) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Longtown Volunteer Fire Department Inc spend its money?
Longtown Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Longtown Volunteer Fire Department Inc tax-deductible?
Longtown Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 204945413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Longtown Volunteer Fire Department Inc a good charity?
Based on the provided financial data, Longtown Volunteer Fire Department Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a highly efficient operational model with no reported officer compensation, suggesting a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $150,998 in 2015 to $571,408 in 2024, and assets have increased from $841,268 to $1,542,383 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Longtown Volunteer Fire Department Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation across all available filings. This indicates a volunteer-driven leadership structure.
Filing History
IRS 990 filing history for Longtown Volunteer Fire Department Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Longtown Volunteer Fire Department Inc's revenue has grown by 281.7%, moving from $150K to $571K. Total assets increased by 114.4% over the same period, from $719K to $1.5M. Total functional expenses rose by 562.8%, from $58K to $382K. In its most recent filing year (2024), Longtown Volunteer Fire Department Inc reported a surplus of $190K, with revenue exceeding expenses. The organization holds $154K in liabilities against $1.5M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $571K | $382K | $1.5M | $154K | — | — |
| 2023 | $347K | $257K | $1.4M | $225K | — | — |
| 2022 | $240K | $146K | $1.1M | $0 | — | View 990 |
| 2021 | $224K | $152K | $1.0M | $0 | — | — |
| 2020 | $212K | $136K | $944K | $0 | — | View 990 |
| 2019 | $206K | $112K | $868K | $0 | — | View 990 |
| 2018 | $128K | $109K | $775K | $0 | — | View 990 |
| 2017 | $148K | $101K | $755K | $0 | — | View 990 |
| 2016 | $178K | $98K | $872K | $163K | — | View 990 |
| 2015 | $151K | $132K | $841K | $211K | — | View 990 |
| 2014 | $218K | $155K | $872K | $261K | — | View 990 |
| 2013 | $162K | $98K | $847K | $299K | — | View 990 |
| 2012 | $151K | $74K | $826K | $342K | — | View 990 |
| 2011 | $150K | $58K | $719K | $312K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $571K, expenses of $382K, and assets of $1.5M (revenue +64.6% year-over-year).
- 2023: Revenue of $347K, expenses of $257K, and assets of $1.4M (revenue +44.8% year-over-year).
- 2022: Revenue of $240K, expenses of $146K, and assets of $1.1M (revenue +7.1% year-over-year).
- 2021: Revenue of $224K, expenses of $152K, and assets of $1.0M (revenue +5.6% year-over-year).
- 2020: Revenue of $212K, expenses of $136K, and assets of $944K (revenue +3.0% year-over-year).
- 2019: Revenue of $206K, expenses of $112K, and assets of $868K (revenue +60.6% year-over-year).
- 2018: Revenue of $128K, expenses of $109K, and assets of $775K (revenue -13.2% year-over-year).
- 2017: Revenue of $148K, expenses of $101K, and assets of $755K (revenue -16.9% year-over-year).
- 2016: Revenue of $178K, expenses of $98K, and assets of $872K (revenue +17.6% year-over-year).
- 2015: Revenue of $151K, expenses of $132K, and assets of $841K (revenue -30.7% year-over-year).
- 2014: Revenue of $218K, expenses of $155K, and assets of $872K (revenue +34.5% year-over-year).
- 2013: Revenue of $162K, expenses of $98K, and assets of $847K (revenue +7.4% year-over-year).
- 2012: Revenue of $151K, expenses of $74K, and assets of $826K (revenue +0.7% year-over-year).
- 2011: Revenue of $150K, expenses of $58K, and assets of $719K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Longtown Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Longtown Volunteer Fire Department 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.