Nicholasville Firefighters Toydrive
Nicholasville Firefighters Toydrive consistently directs all funds to programs with zero officer compensation, operating with fluctuating but stable finances.
EIN: 205698196 · Nicholasville, KY · NTEE: P58 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $63K |
| Program Spending | 90% |
| Net Assets | $10K |
| Transparency Score | 92/100 |
Is Nicholasville Firefighters Toydrive Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nicholasville Firefighters Toydrive directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nicholasville Firefighters Toydrive
Nicholasville Firefighters Toydrive (EIN: 205698196) is a nonprofit organization based in Nicholasville, KY, classified under NTEE code P58. The organization reported total revenue of $62K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholasville Firefighters Toydrive's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholasville Firefighters Toydrive is a micro nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $63K |
| Surplus / Deficit | $-9,861 |
| Total Assets | $10K |
| Net Assets | $10K |
| Operating Margin | -18.4% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Nicholasville Firefighters Toydrive reported a deficit of $10K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Nicholasville Firefighters Toydrive's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.6% | +38.3% | -50.4% |
| 2022 | -21.0% | +63.2% | -37.3% |
| 2021 | +168.5% | +46.7% | +94.5% |
| 2020 | -59.1% | -51.4% | -15.9% |
| 2019 | +14.1% | +2.6% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Nicholasville Firefighters Toydrive 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Nicholasville Firefighters Toydrive allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size.
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.
Red Flags
The following concerns were identified during AI analysis of Nicholasville Firefighters Toydrive's IRS 990 filings:
- Occasional operating deficits (e.g., $9,861 deficit in 2023, $11,650 deficit in 2022) indicate reliance on prior year surpluses or future fundraising to cover expenses.
Strengths
The following positive indicators were identified for Nicholasville Firefighters Toydrive:
- 100% of officer compensation is $0 across all filings, demonstrating exceptional dedication to mission.
- Consistently reports $0 in liabilities, indicating strong financial health and no debt.
- High program spending ratio, with virtually all expenses directed towards charitable activities.
- Long operational history (13 filings) suggests sustained community impact and organizational stability.
- Lean administrative structure, maximizing funds for direct program delivery.
Frequently Asked Questions about Nicholasville Firefighters Toydrive
Is Nicholasville Firefighters Toydrive a legitimate charity?
Based on AI analysis of IRS 990 filings, Nicholasville Firefighters Toydrive (EIN: 205698196) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Nicholasville Firefighters Toydrive spend its money?
Nicholasville Firefighters Toydrive directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nicholasville Firefighters Toydrive tax-deductible?
Nicholasville Firefighters Toydrive is registered as a tax-exempt nonprofit (EIN: 205698196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nicholasville Firefighters Toydrive compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Nicholasville Firefighters Toydrive is above average for NTEE category P58 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nicholasville Firefighters Toydrive located?
Nicholasville Firefighters Toydrive is headquartered in Nicholasville, Kentucky and files with the IRS under EIN 205698196. It is classified under NTEE code P58.
How many years of IRS 990 filings does Nicholasville Firefighters Toydrive have?
Nicholasville Firefighters Toydrive 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 $62K in total revenue.
Is Nicholasville Firefighters Toydrive a good charity?
Yes, Nicholasville Firefighters Toydrive appears to be a very good charity, especially given its consistent dedication to its mission with zero officer compensation and no reported liabilities.
How does Nicholasville Firefighters Toydrive manage its finances?
The organization manages its finances prudently, operating with no officer compensation and consistently reporting zero liabilities. While revenue and expenses fluctuate, it maintains a lean operational structure.
What is the trend in Nicholasville Firefighters Toydrive's assets?
The organization's assets have fluctuated over the years, reaching a high of $31,227 in 2021 and a low of $9,716 in 2023, suggesting it operates with modest reserves and relies on annual fundraising.
Does Nicholasville Firefighters Toydrive have any debt?
No, Nicholasville Firefighters Toydrive consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates debt-free.
Filing History
IRS 990 filing history for Nicholasville Firefighters Toydrive showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nicholasville Firefighters Toydrive's revenue has grown by 103.2%, moving from $26K to $53K. Total assets decreased by 62.2% over the same period, from $26K to $10K. Total functional expenses rose by 193.3%, from $22K to $63K. In its most recent filing year (2023), Nicholasville Firefighters Toydrive reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $63K | $10K | $0 | — | — |
| 2022 | $34K | $46K | $20K | $0 | — | View 990 |
| 2021 | $43K | $28K | $31K | $0 | — | — |
| 2020 | $16K | $19K | $16K | $0 | — | View 990 |
| 2019 | $39K | $39K | $19K | $0 | — | View 990 |
| 2018 | $35K | $38K | $19K | $0 | — | View 990 |
| 2017 | $53K | $37K | $23K | $0 | — | View 990 |
| 2016 | $33K | $34K | $16K | $0 | — | View 990 |
| 2015 | $25K | $24K | $17K | $0 | — | View 990 |
| 2014 | $21K | $17K | $17K | $0 | — | View 990 |
| 2013 | $37K | $25K | $12K | $0 | — | View 990 |
| 2012 | $41K | $0 | $31K | $0 | — | View 990 |
| 2011 | $26K | $22K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $63K, and assets of $10K (revenue +56.6% year-over-year).
- 2022: Revenue of $34K, expenses of $46K, and assets of $20K (revenue -21.0% year-over-year).
- 2021: Revenue of $43K, expenses of $28K, and assets of $31K (revenue +168.5% year-over-year).
- 2020: Revenue of $16K, expenses of $19K, and assets of $16K (revenue -59.1% year-over-year).
- 2019: Revenue of $39K, expenses of $39K, and assets of $19K (revenue +14.1% year-over-year).
- 2018: Revenue of $35K, expenses of $38K, and assets of $19K (revenue -34.4% year-over-year).
- 2017: Revenue of $53K, expenses of $37K, and assets of $23K (revenue +61.3% year-over-year).
- 2016: Revenue of $33K, expenses of $34K, and assets of $16K (revenue +29.9% year-over-year).
- 2015: Revenue of $25K, expenses of $24K, and assets of $17K (revenue +19.5% year-over-year).
- 2014: Revenue of $21K, expenses of $17K, and assets of $17K (revenue -43.6% year-over-year).
- 2013: Revenue of $37K, expenses of $25K, and assets of $12K (revenue -8.3% year-over-year).
- 2012: Revenue of $41K, expenses of $0, and assets of $31K (revenue +54.4% year-over-year).
- 2011: Revenue of $26K, expenses of $22K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholasville Firefighters Toydrive:
Data Sources and Methodology
This transparency report for Nicholasville Firefighters Toydrive 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.