Olmstead Rural Fire Department Corporation
EIN: 611040291 · Olmstead, KY · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $41K |
| Net Assets | $322K |
Is Olmstead Rural Fire Department Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olmstead Rural Fire Department Corporation
Olmstead Rural Fire Department Corporation (EIN: 611040291) is a nonprofit organization based in Olmstead, KY, classified under NTEE code M24. The organization reported total revenue of $57K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olmstead Rural Fire Department Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olmstead Rural Fire Department Corporation is a micro nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $41K |
| Surplus / Deficit | +$28K |
| Total Assets | $322K |
| Net Assets | $322K |
| Operating Margin | 40.8% |
| Months of Reserves | 94.6 months |
Financial Health Grade: A
In 2023, Olmstead Rural Fire Department Corporation reported a surplus of $28K with revenue exceeding expenses, holds 94.6 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2017–2023), Olmstead Rural Fire Department Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.2% | -10.7% | +15.8% |
| 2021 | +0.5% | +10.5% | +5.5% |
| 2020 | +7.7% | +142.0% | +7.6% |
| 2019 | -13.5% | +17.7% | +18.7% |
| 2018 | -8.1% | -58.6% | +31.9% |
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 Analysis Pending
AI enrichment for Olmstead Rural Fire Department Corporation 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 Olmstead Rural Fire Department Corporation 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 $28K, with revenue exceeding expenses.
Frequently Asked Questions about Olmstead Rural Fire Department Corporation
Is Olmstead Rural Fire Department Corporation a legitimate charity?
Olmstead Rural Fire Department Corporation (EIN: 611040291) is a registered tax-exempt nonprofit based in Kentucky. It has 6 years of IRS 990 filings on record. Total revenue: $57K. No red flags identified. Financial health grade: A.
How does Olmstead Rural Fire Department Corporation spend its money?
Olmstead Rural Fire Department Corporation reported $57K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Olmstead Rural Fire Department Corporation tax-deductible?
Olmstead Rural Fire Department Corporation is registered as a tax-exempt nonprofit (EIN: 611040291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olmstead Rural Fire Department Corporation located?
Olmstead Rural Fire Department Corporation is headquartered in Olmstead, Kentucky and files with the IRS under EIN 611040291. It is classified under NTEE code M24.
How many years of IRS 990 filings does Olmstead Rural Fire Department Corporation have?
Olmstead Rural Fire Department Corporation has 6 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 $57K in total revenue.
Filing History
IRS 990 filing history for Olmstead Rural Fire Department Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2023), Olmstead Rural Fire Department Corporation's revenue has declined by 1.6%, moving from $70K to $69K. Total assets increased by 105.9% over the same period, from $156K to $322K. Total functional expenses rose by 16.4%, from $35K to $41K. In its most recent filing year (2023), Olmstead Rural Fire Department Corporation reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $41K | $322K | $0 | — | — |
| 2021 | $60K | $46K | $278K | $0 | — | — |
| 2020 | $60K | $41K | $263K | $0 | — | — |
| 2019 | $56K | $17K | $245K | $0 | — | — |
| 2018 | $64K | $15K | $206K | $0 | — | View 990 |
| 2017 | $70K | $35K | $156K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $41K, and assets of $322K (revenue +14.2% year-over-year).
- 2021: Revenue of $60K, expenses of $46K, and assets of $278K (revenue +0.5% year-over-year).
- 2020: Revenue of $60K, expenses of $41K, and assets of $263K (revenue +7.7% year-over-year).
- 2019: Revenue of $56K, expenses of $17K, and assets of $245K (revenue -13.5% year-over-year).
- 2018: Revenue of $64K, expenses of $15K, and assets of $206K (revenue -8.1% year-over-year).
- 2017: Revenue of $70K, expenses of $35K, and assets of $156K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olmstead Rural Fire Department Corporation:
Data Sources and Methodology
This transparency report for Olmstead Rural Fire Department Corporation 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.