Margate City Fire Company
Margate City Fire Company experiences significant revenue growth and maintains zero officer compensation.
EIN: 210507065 · Margate, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $894K |
| Total Expenses | $429K |
| Program Spending | 90% |
| Net Assets | $637K |
| Transparency Score | 90/100 |
Is Margate City Fire Company Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margate City Fire Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margate City Fire Company
Margate City Fire Company (EIN: 210507065) is a nonprofit organization based in Margate, NJ. The organization reported total revenue of $894K and total assets of $822K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margate City Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margate City Fire Company is a small nonprofit that has been operating for 49 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $550K |
| Total Expenses | $429K |
| Surplus / Deficit | +$121K |
| Total Assets | $687K |
| Total Liabilities | $50K |
| Net Assets | $637K |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Margate City Fire Company reported a surplus of $121K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Margate City Fire Company's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.9% | +118.9% | +33.3% |
| 2022 | +102.4% | +8.9% | +17.2% |
| 2021 | -27.6% | +24.2% | +0.4% |
| 2020 | -17.1% | -13.6% | +17.3% |
| 2019 | +71.4% | +47.6% | +36.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Margate City Fire Company with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Margate City Fire Company allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $121K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive for a nonprofit of its size, suggesting a volunteer-driven leadership model.
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 Margate City Fire Company:
- Significant revenue growth, especially in recent periods (e.g., $151,129 in 2021 to $550,317 in 2023).
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship and volunteer leadership.
- Healthy and growing asset base ($821,774 currently), demonstrating financial stability.
- Expenses generally kept below revenue, leading to surpluses and asset accumulation.
- Consistent IRS 990 filing history, indicating good compliance and transparency.
Frequently Asked Questions about Margate City Fire Company
Is Margate City Fire Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Margate City Fire Company (EIN: 210507065) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Margate City Fire Company spend its money?
Margate City Fire Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margate City Fire Company tax-deductible?
Margate City Fire Company is registered as a tax-exempt nonprofit (EIN: 210507065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Margate City Fire Company's spending goes to programs?
Margate City Fire Company directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Margate City Fire Company located?
Margate City Fire Company is headquartered in Margate, New Jersey and files with the IRS under EIN 210507065.
How many years of IRS 990 filings does Margate City Fire Company have?
Margate City Fire Company has 11 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 $894K in total revenue.
Is Margate City Fire Company a good charity?
Based on the available financial data, Margate City Fire Company appears to be a well-managed organization. It demonstrates strong revenue growth, maintains a healthy asset base, and notably reports 0% officer compensation, indicating that funds are not used for executive salaries. This suggests a high degree of financial efficiency and dedication to its mission.
How has the organization's revenue changed over time?
The organization's revenue has shown significant growth, particularly in recent years. It increased from $151,129 in 2021 to $550,317 in 2023, with the latest reported revenue at $894,187. This represents a substantial positive trend in funding.
What is the trend in the organization's assets?
Assets have consistently grown over the years, from $197,321 in 2014 to $821,774 currently. This indicates effective financial management and the accumulation of resources to support its operations.
Filing History
IRS 990 filing history for Margate City Fire Company showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Margate City Fire Company's revenue has grown by 62.4%, moving from $339K to $550K. Total assets increased by 223.9% over the same period, from $212K to $687K. Total functional expenses rose by 29.5%, from $331K to $429K. In its most recent filing year (2023), Margate City Fire Company reported a surplus of $121K, with revenue exceeding expenses. The organization holds $50K in liabilities against $687K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $637K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $550K | $429K | $687K | $50K | — | View 990 |
| 2022 | $306K | $196K | $515K | $0 | — | View 990 |
| 2021 | $151K | $180K | $440K | $34K | — | View 990 |
| 2020 | $209K | $145K | $438K | $4K | — | View 990 |
| 2019 | $252K | $168K | $374K | $3K | — | View 990 |
| 2017 | $147K | $114K | $274K | $6K | — | View 990 |
| 2016 | $176K | $138K | $236K | $2K | — | View 990 |
| 2015 | $132K | $133K | $199K | $2K | — | View 990 |
| 2014 | $124K | $137K | $197K | $1K | — | View 990 |
| 2013 | $106K | $108K | $209K | $0 | — | View 990 |
| 2012 | $339K | $331K | $212K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $550K, expenses of $429K, and assets of $687K (revenue +79.9% year-over-year).
- 2022: Revenue of $306K, expenses of $196K, and assets of $515K (revenue +102.4% year-over-year).
- 2021: Revenue of $151K, expenses of $180K, and assets of $440K (revenue -27.6% year-over-year).
- 2020: Revenue of $209K, expenses of $145K, and assets of $438K (revenue -17.1% year-over-year).
- 2019: Revenue of $252K, expenses of $168K, and assets of $374K (revenue +71.4% year-over-year).
- 2017: Revenue of $147K, expenses of $114K, and assets of $274K (revenue -16.7% year-over-year).
- 2016: Revenue of $176K, expenses of $138K, and assets of $236K (revenue +33.2% year-over-year).
- 2015: Revenue of $132K, expenses of $133K, and assets of $199K (revenue +6.8% year-over-year).
- 2014: Revenue of $124K, expenses of $137K, and assets of $197K (revenue +16.9% year-over-year).
- 2013: Revenue of $106K, expenses of $108K, and assets of $209K (revenue -68.7% year-over-year).
- 2012: Revenue of $339K, expenses of $331K, and assets of $212K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margate City Fire Company:
Data Sources and Methodology
This transparency report for Margate City Fire Company 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.