Lovettsville Fire And Rescue Co Inc
EIN: 540800157 · Lovettsville, VA · NTEE: M24
Is Lovettsville Fire And Rescue Co Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lovettsville Fire And Rescue Co Inc
Lovettsville Fire And Rescue Co Inc (EIN: 540800157) is a nonprofit organization based in Lovettsville, VA, classified under NTEE code M24. The organization reported total revenue of $459K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lovettsville Fire And Rescue Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lovettsville Fire And Rescue Co Inc is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $588K |
| Surplus / Deficit | +$784K |
| Total Assets | $3.4M |
| Total Liabilities | $782 |
| Net Assets | $3.4M |
| Operating Margin | 57.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 69.8 months |
Financial Health Grade: A
In 2023, Lovettsville Fire And Rescue Co Inc reported a surplus of $784K with revenue exceeding expenses, holds 69.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lovettsville Fire And Rescue Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.2% | +11.8% | +9.7% |
| 2022 | +37.1% | +31.0% | +2.2% |
| 2021 | -38.5% | +13.6% | +0.9% |
| 2020 | +58.0% | -18.1% | +16.1% |
| 2019 | -25.6% | -0.5% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lovettsville Fire And Rescue Co 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 Lovettsville Fire And Rescue Co 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 surplus of $784K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lovettsville Fire And Rescue Co Inc
Is Lovettsville Fire And Rescue Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lovettsville Fire And Rescue Co Inc (EIN: 540800157) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lovettsville Fire And Rescue Co Inc spend its money?
Detailed spending breakdown data is not yet available for Lovettsville Fire And Rescue Co Inc. Check back for updated IRS 990 analysis.
Are donations to Lovettsville Fire And Rescue Co Inc tax-deductible?
Lovettsville Fire And Rescue Co Inc is registered as a tax-exempt nonprofit (EIN: 540800157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lovettsville Fire And Rescue Co Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lovettsville Fire And Rescue Co Inc's revenue has grown by 144.7%, moving from $561K to $1.4M. Total assets increased by 4.9% over the same period, from $3.3M to $3.4M. Total functional expenses rose by 100.3%, from $294K to $588K. In its most recent filing year (2023), Lovettsville Fire And Rescue Co Inc reported a surplus of $784K, with revenue exceeding expenses. The organization holds $782 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $588K | $3.4M | $782 | — | — |
| 2022 | $685K | $526K | $3.1M | $515K | — | View 990 |
| 2021 | $500K | $401K | $3.1M | $560K | — | View 990 |
| 2020 | $812K | $353K | $3.0M | $655K | — | View 990 |
| 2019 | $514K | $432K | $2.6M | $712K | — | View 990 |
| 2018 | $691K | $434K | $2.6M | $785K | — | View 990 |
| 2017 | $474K | $428K | $1.7M | $207K | — | View 990 |
| 2016 | $521K | $495K | $1.7M | $265K | — | View 990 |
| 2015 | $421K | $641K | $1.7M | $314K | — | View 990 |
| 2014 | $563K | $442K | $2.6M | $399K | — | View 990 |
| 2013 | $318K | $325K | $3.0M | $254K | — | View 990 |
| 2012 | $561K | $294K | $3.3M | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $588K, and assets of $3.4M (revenue +100.2% year-over-year).
- 2022: Revenue of $685K, expenses of $526K, and assets of $3.1M (revenue +37.1% year-over-year).
- 2021: Revenue of $500K, expenses of $401K, and assets of $3.1M (revenue -38.5% year-over-year).
- 2020: Revenue of $812K, expenses of $353K, and assets of $3.0M (revenue +58.0% year-over-year).
- 2019: Revenue of $514K, expenses of $432K, and assets of $2.6M (revenue -25.6% year-over-year).
- 2018: Revenue of $691K, expenses of $434K, and assets of $2.6M (revenue +45.8% year-over-year).
- 2017: Revenue of $474K, expenses of $428K, and assets of $1.7M (revenue -9.0% year-over-year).
- 2016: Revenue of $521K, expenses of $495K, and assets of $1.7M (revenue +23.7% year-over-year).
- 2015: Revenue of $421K, expenses of $641K, and assets of $1.7M (revenue -25.3% year-over-year).
- 2014: Revenue of $563K, expenses of $442K, and assets of $2.6M (revenue +77.0% year-over-year).
- 2013: Revenue of $318K, expenses of $325K, and assets of $3.0M (revenue -43.2% year-over-year).
- 2012: Revenue of $561K, expenses of $294K, and assets of $3.3M.
Data Sources and Methodology
This transparency report for Lovettsville Fire And Rescue Co 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.