Madison Fire Drpartment
EIN: 460335856 · Madison, SD · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $155K |
| Net Assets | $26K |
Is Madison Fire Drpartment Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Fire Drpartment
Madison Fire Drpartment (EIN: 460335856) is a nonprofit organization based in Madison, SD, classified under NTEE code M24. The organization reported total revenue of $179K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Fire Drpartment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Fire Drpartment is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 79.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $155K |
| Surplus / Deficit | +$26K |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | 14.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: A
In 2023, Madison Fire Drpartment reported a surplus of $26K with revenue exceeding expenses, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Madison Fire Drpartment's revenue has grown at a compound annual growth rate (CAGR) of 79.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.7% | +68.6% | +195.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Fire Drpartment 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 Madison Fire Drpartment 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 $26K, with revenue exceeding expenses.
Frequently Asked Questions about Madison Fire Drpartment
Is Madison Fire Drpartment a legitimate charity?
Madison Fire Drpartment (EIN: 460335856) is a registered tax-exempt nonprofit based in South Dakota. It has 2 years of IRS 990 filings on record. Total revenue: $179K. No red flags identified. Financial health grade: A.
How does Madison Fire Drpartment spend its money?
Madison Fire Drpartment reported $179K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Madison Fire Drpartment tax-deductible?
Madison Fire Drpartment is registered as a tax-exempt nonprofit (EIN: 460335856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison Fire Drpartment located?
Madison Fire Drpartment is headquartered in Madison, South Dakota and files with the IRS under EIN 460335856. It is classified under NTEE code M24.
How many years of IRS 990 filings does Madison Fire Drpartment have?
Madison Fire Drpartment has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $179K in total revenue.
Filing History
IRS 990 filing history for Madison Fire Drpartment showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Madison Fire Drpartment's revenue has grown by 79.7%, moving from $101K to $181K. Total assets increased by 195.4% over the same period, from $9K to $26K. Total functional expenses rose by 68.6%, from $92K to $155K. In its most recent filing year (2023), Madison Fire Drpartment reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $155K | $26K | $0 | — | View 990 |
| 2022 | $101K | $92K | $9K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Fire Drpartment:
Data Sources and Methodology
This transparency report for Madison Fire Drpartment 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.