Micro Volunteer Fire Department Inc
Micro Volunteer Fire Department Inc consistently generates significant surpluses, growing assets and reducing liabilities.
EIN: 201166654 · Micro, NC · NTEE: M24 · Updated: 2026-03-28
Is Micro 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 →
Micro Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Micro Volunteer Fire Department Inc
Micro Volunteer Fire Department Inc (EIN: 201166654) is a nonprofit organization based in Micro, NC, classified under NTEE code M24. The organization reported total revenue of $704K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Micro Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Micro Volunteer Fire Department Inc is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2016–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $558K |
| Total Expenses | $267K |
| Surplus / Deficit | +$291K |
| Total Assets | $2.0M |
| Total Liabilities | $396K |
| Net Assets | $1.6M |
| Operating Margin | 52.2% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 89.7 months |
Financial Health Grade: A
In 2024, Micro Volunteer Fire Department Inc reported a surplus of $291K with revenue exceeding expenses, holds 89.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.3% | +10.3% | +9.9% |
| 2023 | +9.0% | +6.0% | +10.0% |
| 2022 | +87.6% | +23.0% | +9.9% |
| 2021 | -15.8% | -11.5% | -0.7% |
| 2020 | +9.0% | +4.0% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Micro Volunteer Fire Department Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Micro Volunteer Fire Department Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $291K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating a volunteer-led organization where leadership is not financially compensated, which is highly commendable for an organization of its size with assets nearing $2 million.
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 Micro Volunteer Fire Department Inc:
- Consistent revenue exceeding expenses, leading to healthy surpluses.
- Significant growth in assets from $1,501,344 in 2021 to $1,994,364 in 2024.
- Substantial reduction in liabilities from $853,446 in 2017 to $396,095 in 2024.
- No officer compensation reported, indicating a volunteer-driven model and efficient use of funds.
- Strong financial management demonstrated by consistent positive net assets and increasing reserves.
Frequently Asked Questions about Micro Volunteer Fire Department Inc
Is Micro Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Micro Volunteer Fire Department Inc (EIN: 201166654) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Micro Volunteer Fire Department Inc spend its money?
Micro Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Micro Volunteer Fire Department Inc tax-deductible?
Micro Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 201166654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Micro Volunteer Fire Department Inc a good charity?
Yes, based on its financial health, efficient spending (expenses consistently less than 50% of revenue in recent years), and volunteer-led structure with no officer compensation, it appears to be a very good charity.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $1,501,344 in 2021 to $1,994,364 in 2024, and liabilities decreasing from $853,446 in 2017 to $396,095 in 2024. Revenue has also shown strong growth in recent years.
What is the organization's spending efficiency?
Spending efficiency is high. For example, in 2024, expenses were $266,940 against revenue of $558,286, meaning less than 50% of revenue was spent, allowing for significant asset growth and mission reinvestment.
Filing History
IRS 990 filing history for Micro Volunteer Fire Department Inc showing financial trends over 9 years of public records:
In its most recent filing year (2024), Micro Volunteer Fire Department Inc reported a surplus of $291K, with revenue exceeding expenses. The organization holds $396K in liabilities against $2.0M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $558K | $267K | $2.0M | $396K | — | — |
| 2023 | $476K | $242K | $1.8M | $508K | — | View 990 |
| 2022 | $436K | $228K | $1.7M | $577K | — | View 990 |
| 2021 | $233K | $186K | $1.5M | $636K | — | View 990 |
| 2020 | $276K | $210K | $1.5M | $694K | — | View 990 |
| 2019 | $253K | $202K | $1.5M | $750K | — | View 990 |
| 2018 | $301K | $253K | $1.5M | $803K | — | View 990 |
| 2017 | $841K | $373K | $1.5M | $853K | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $558K, expenses of $267K, and assets of $2.0M (revenue +17.3% year-over-year).
- 2023: Revenue of $476K, expenses of $242K, and assets of $1.8M (revenue +9.0% year-over-year).
- 2022: Revenue of $436K, expenses of $228K, and assets of $1.7M (revenue +87.6% year-over-year).
- 2021: Revenue of $233K, expenses of $186K, and assets of $1.5M (revenue -15.8% year-over-year).
- 2020: Revenue of $276K, expenses of $210K, and assets of $1.5M (revenue +9.0% year-over-year).
- 2019: Revenue of $253K, expenses of $202K, and assets of $1.5M (revenue -15.9% year-over-year).
- 2018: Revenue of $301K, expenses of $253K, and assets of $1.5M (revenue -64.2% year-over-year).
- 2017: Revenue of $841K, expenses of $373K, and assets of $1.5M.
- 2016: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Micro Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Micro 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.