Mcgaheysville Volunteer Fire Company Inc
Mcgaheysville Volunteer Fire Company consistently maintains strong assets and zero officer compensation.
EIN: 203566679 · Mcgaheysville, VA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $774K |
| Total Expenses | $189K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5.8M |
| Transparency Score | 90/100 |
Is Mcgaheysville Volunteer Fire Company Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcgaheysville Volunteer Fire Company Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcgaheysville Volunteer Fire Company Inc
Mcgaheysville Volunteer Fire Company Inc (EIN: 203566679) is a nonprofit organization based in Mcgaheysville, VA, classified under NTEE code M24. The organization reported total revenue of $774K and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcgaheysville Volunteer Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcgaheysville Volunteer Fire Company Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $189K |
| Surplus / Deficit | +$100K |
| Total Assets | $5.9M |
| Total Liabilities | $145K |
| Net Assets | $5.8M |
| Operating Margin | 34.5% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 376.2 months |
Financial Health Grade: A
In 2023, Mcgaheysville Volunteer Fire Company Inc reported a surplus of $100K with revenue exceeding expenses, holds 376.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mcgaheysville Volunteer Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | -5.8% | +3.5% |
| 2022 | -4.7% | +4.2% | -4.0% |
| 2021 | +15.1% | +16.7% | +2.6% |
| 2020 | -45.1% | -52.7% | +3.2% |
| 2019 | +54.3% | -16.1% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Mcgaheysville Volunteer Fire Company Inc 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, Mcgaheysville Volunteer Fire Company Inc 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 $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a fully volunteer leadership structure. This is highly commendable for an organization with assets nearing $6 million, as it maximizes resources available for its 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 Mcgaheysville Volunteer Fire Company Inc:
- Consistent positive net income (revenue exceeding expenses) in most years, e.g., $288,852 revenue vs. $189,100 expenses in 2023.
- Zero officer compensation reported across all filings, indicating a highly efficient, volunteer-led operation.
- Strong and growing asset base, reaching $5,928,280 in 2023.
- Decreasing liabilities over recent years, from $299,357 in 2020 to $145,350 in 2023.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Frequently Asked Questions about Mcgaheysville Volunteer Fire Company Inc
Is Mcgaheysville Volunteer Fire Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcgaheysville Volunteer Fire Company Inc (EIN: 203566679) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mcgaheysville Volunteer Fire Company Inc spend its money?
Mcgaheysville Volunteer Fire Company Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcgaheysville Volunteer Fire Company Inc tax-deductible?
Mcgaheysville Volunteer Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 203566679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mcgaheysville Volunteer Fire Company Inc CEO make?
Mcgaheysville Volunteer Fire Company Inc's highest-compensated officer earns $6 annually. The organization reported $774K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mcgaheysville Volunteer Fire Company Inc's spending goes to programs?
Mcgaheysville Volunteer Fire Company Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcgaheysville Volunteer Fire Company Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mcgaheysville Volunteer Fire Company Inc is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcgaheysville Volunteer Fire Company Inc located?
Mcgaheysville Volunteer Fire Company Inc is headquartered in Mcgaheysville, Virginia and files with the IRS under EIN 203566679. It is classified under NTEE code M24.
How many years of IRS 990 filings does Mcgaheysville Volunteer Fire Company Inc have?
Mcgaheysville Volunteer Fire 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 $774K in total revenue.
Is Mcgaheysville Volunteer Fire Company Inc a good charity?
Based on the provided data, the Mcgaheysville Volunteer Fire Company Inc appears to be a very good charity. They consistently maintain a strong asset base, operate with revenues exceeding expenses, and notably, have 0% officer compensation, indicating a highly efficient, volunteer-driven model.
How does the organization manage its liabilities?
The organization has shown a positive trend in managing its liabilities, reducing them from $299,357 in 2020 to $145,350 in 2023, indicating responsible financial stewardship and a decreasing debt burden.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth and stability, increasing from $4,248,225 in 2014 to $5,928,280 in 2023, demonstrating strong financial health and capacity.
Filing History
IRS 990 filing history for Mcgaheysville Volunteer Fire Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mcgaheysville Volunteer Fire Company Inc's revenue has grown by 438%, moving from $54K to $289K. Total assets increased by 52% over the same period, from $3.9M to $5.9M. Total functional expenses rose by 252.2%, from $54K to $189K. In its most recent filing year (2023), Mcgaheysville Volunteer Fire Company Inc reported a surplus of $100K, with revenue exceeding expenses. The organization holds $145K in liabilities against $5.9M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $289K | $189K | $5.9M | $145K | — | — |
| 2022 | $287K | $201K | $5.7M | $198K | — | View 990 |
| 2021 | $301K | $193K | $6.0M | $250K | — | View 990 |
| 2020 | $261K | $165K | $5.8M | $299K | — | — |
| 2019 | $476K | $349K | $5.6M | $347K | — | View 990 |
| 2018 | $308K | $416K | $5.5M | $394K | — | View 990 |
| 2017 | $670K | $403K | $5.7M | $439K | — | View 990 |
| 2016 | $436K | $233K | $5.0M | $482K | — | View 990 |
| 2015 | $368K | $260K | $4.4M | $70K | — | View 990 |
| 2014 | $359K | $266K | $4.2M | $0 | — | View 990 |
| 2013 | $163K | $70K | $4.0M | $0 | — | View 990 |
| 2012 | $117K | $73K | $3.9M | $0 | — | View 990 |
| 2011 | $54K | $54K | $3.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $289K, expenses of $189K, and assets of $5.9M (revenue +0.8% year-over-year).
- 2022: Revenue of $287K, expenses of $201K, and assets of $5.7M (revenue -4.7% year-over-year).
- 2021: Revenue of $301K, expenses of $193K, and assets of $6.0M (revenue +15.1% year-over-year).
- 2020: Revenue of $261K, expenses of $165K, and assets of $5.8M (revenue -45.1% year-over-year).
- 2019: Revenue of $476K, expenses of $349K, and assets of $5.6M (revenue +54.3% year-over-year).
- 2018: Revenue of $308K, expenses of $416K, and assets of $5.5M (revenue -53.9% year-over-year).
- 2017: Revenue of $670K, expenses of $403K, and assets of $5.7M (revenue +53.6% year-over-year).
- 2016: Revenue of $436K, expenses of $233K, and assets of $5.0M (revenue +18.4% year-over-year).
- 2015: Revenue of $368K, expenses of $260K, and assets of $4.4M (revenue +2.6% year-over-year).
- 2014: Revenue of $359K, expenses of $266K, and assets of $4.2M (revenue +120.3% year-over-year).
- 2013: Revenue of $163K, expenses of $70K, and assets of $4.0M (revenue +39.5% year-over-year).
- 2012: Revenue of $117K, expenses of $73K, and assets of $3.9M (revenue +117.7% year-over-year).
- 2011: Revenue of $54K, expenses of $54K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcgaheysville Volunteer Fire Company Inc:
Data Sources and Methodology
This transparency report for Mcgaheysville Volunteer Fire 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.