Penderlea Fire Department
Penderlea Fire Department maintains stable operations with volunteer leadership and no reported liabilities.
EIN: 205595877 · Willard, NC · NTEE: M24 · Updated: 2026-03-28
Is Penderlea Fire Department Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penderlea Fire Department directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penderlea Fire Department
Penderlea Fire Department (EIN: 205595877) is a nonprofit organization based in Willard, NC, classified under NTEE code M24. The organization reported total revenue of $1.3M and total assets of $369K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penderlea Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penderlea Fire Department is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $237K |
| Surplus / Deficit | +$16K |
| Total Assets | $172K |
| Net Assets | $172K |
| Operating Margin | 6.3% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2022, Penderlea Fire Department reported a surplus of $16K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2018–2022), Penderlea Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +16.9% | -12.3% | +10.3% |
| 2021 | -50.1% | -31.5% | -25.6% |
| 2020 | +56.2% | +33.2% | +23.5% |
| 2019 | +45.7% | +9.1% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Penderlea Fire Department with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Penderlea Fire Department allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or that key officers are not compensated, which is highly efficient for an organization of its size with latest revenue of $1,331,318.
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 Penderlea Fire Department:
- Zero officer compensation across all filings, indicating volunteer leadership and high efficiency.
- No reported liabilities in any of the five filing periods, demonstrating strong financial health.
- Consistent asset growth, with assets increasing from $171,539 in 202206 to a latest reported $368,801.
- Positive net income in the latest filing period (202206), with revenue of $252,598 exceeding expenses of $236,593.
Frequently Asked Questions about Penderlea Fire Department
Is Penderlea Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Penderlea Fire Department (EIN: 205595877) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Penderlea Fire Department spend its money?
Penderlea Fire Department directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penderlea Fire Department tax-deductible?
Penderlea Fire Department is registered as a tax-exempt nonprofit (EIN: 205595877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Penderlea Fire Department a good charity?
Based on the available data, Penderlea Fire Department appears to be a well-managed organization with a strong commitment to its mission, evidenced by 0% officer compensation and no reported liabilities. Its consistent operational activity and asset growth suggest financial stability, making it a potentially good charity.
How does Penderlea Fire Department manage its finances given fluctuating revenues?
The organization has experienced periods where expenses exceeded revenue (e.g., 202106 and 201906), yet it has maintained zero liabilities and grown its assets to $368,801. This suggests effective management of reserves or other funding sources to cover operational costs during leaner periods.
What is the primary source of Penderlea Fire Department's funding?
While the filings show 'Revenue' figures, the specific breakdown of funding sources (e.g., grants, donations, service fees) is not detailed in the provided summary. Further investigation into the full 990 forms would be needed to identify primary funding sources.
Filing History
IRS 990 filing history for Penderlea Fire Department showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Penderlea Fire Department's revenue has grown by 32.7%, moving from $190K to $253K. Total assets decreased by 8.4% over the same period, from $187K to $172K. Total functional expenses fell by 12.6%, from $271K to $237K. In its most recent filing year (2022), Penderlea Fire Department reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $253K | $237K | $172K | $0 | — | View 990 |
| 2021 | $216K | $270K | $156K | $0 | — | View 990 |
| 2020 | $433K | $393K | $209K | $0 | — | View 990 |
| 2019 | $277K | $295K | $169K | $0 | — | View 990 |
| 2018 | $190K | $271K | $187K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $253K, expenses of $237K, and assets of $172K (revenue +16.9% year-over-year).
- 2021: Revenue of $216K, expenses of $270K, and assets of $156K (revenue -50.1% year-over-year).
- 2020: Revenue of $433K, expenses of $393K, and assets of $209K (revenue +56.2% year-over-year).
- 2019: Revenue of $277K, expenses of $295K, and assets of $169K (revenue +45.7% year-over-year).
- 2018: Revenue of $190K, expenses of $271K, and assets of $187K.
Data Sources and Methodology
This transparency report for Penderlea Fire Department 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.