Port Washington Fire Department Inc
Port Washington Fire Department maintains strong financial health with consistent surpluses and zero reported officer compensation.
EIN: 113048413 · Prt Washingtn, NY · NTEE: M24Z · Updated: 2026-03-28
Is Port Washington 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 →
Port Washington Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Port Washington Fire Department Inc
Port Washington Fire Department Inc (EIN: 113048413) is a nonprofit organization based in Prt Washingtn, NY, classified under NTEE code M24Z. The organization reported total revenue of $5.7M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Washington Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Port Washington Fire Department Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$645K |
| Total Assets | $4.9M |
| Total Liabilities | $897K |
| Net Assets | $4.0M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 18.2% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Port Washington Fire Department Inc reported a surplus of $645K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 18.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Port Washington Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +6.0% | +14.0% |
| 2022 | -0.6% | -2.0% | +10.5% |
| 2021 | +13.6% | +4.9% | +4.7% |
| 2020 | -1.3% | +3.4% | +1.4% |
| 2019 | +2.1% | +8.1% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Port Washington 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Port Washington Fire Department 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 $645K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are likely volunteers or compensated through non-officer channels, which is highly favorable for a nonprofit of its size with over $5 million in annual revenue.
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 Port Washington Fire Department Inc:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $5,039,166 revenue vs. $4,394,153 expenses in 2023).
- Zero reported officer compensation across all filings, indicating efficient use of funds and likely volunteer leadership.
- Steady growth in assets, from $2,171,640 in 2014 to $4,920,370 in 2023, demonstrating financial stability and capacity.
- Clear mission alignment with NTEE code M24Z (Volunteer Fire Departments).
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $4,920,370 assets vs. $897,081 liabilities in 2023).
Frequently Asked Questions about Port Washington Fire Department Inc
Is Port Washington Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Port Washington Fire Department Inc (EIN: 113048413) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Port Washington Fire Department Inc spend its money?
Port Washington Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Port Washington Fire Department Inc tax-deductible?
Port Washington Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 113048413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Port Washington Fire Department Inc. a good charity?
Based on the available financial data, the Port Washington Fire Department Inc. appears to be a very good charity. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, indicating efficient use of funds and strong volunteer involvement.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over the past decade. Revenue has grown from $4,171,872 in 2014 to $5,039,166 in 2023, and assets have more than doubled from $2,171,640 to $4,920,370 in the same period, demonstrating robust growth and stability.
What is the organization's approach to executive compensation?
The Port Washington Fire Department Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting a strong reliance on volunteer leadership or that any compensation is structured in a way that does not fall under 'officer compensation' on the 990, which is a positive sign for donor confidence.
Filing History
IRS 990 filing history for Port Washington Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Port Washington Fire Department Inc's revenue has grown by 29.1%, moving from $3.9M to $5.0M. Total assets increased by 151.6% over the same period, from $2.0M to $4.9M. Total functional expenses rose by 14.9%, from $3.8M to $4.4M. In its most recent filing year (2023), Port Washington Fire Department Inc reported a surplus of $645K, with revenue exceeding expenses. The organization holds $897K in liabilities against $4.9M in assets (debt-to-asset ratio: 18.2%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.4M | $4.9M | $897K | — | View 990 |
| 2022 | $4.6M | $4.1M | $4.3M | $936K | — | View 990 |
| 2021 | $4.6M | $4.2M | $3.9M | $942K | — | View 990 |
| 2020 | $4.0M | $4.0M | $3.7M | $1.1M | — | View 990 |
| 2019 | $4.1M | $3.9M | $3.7M | $1.1M | — | View 990 |
| 2018 | $4.0M | $3.6M | $3.6M | $1.2M | — | View 990 |
| 2017 | $4.0M | $3.7M | $2.8M | $851K | — | View 990 |
| 2016 | $4.2M | $4.2M | $2.7M | $1.1M | — | View 990 |
| 2015 | $4.2M | $4.2M | $2.6M | $943K | — | View 990 |
| 2014 | $4.2M | $4.0M | $2.2M | $552K | — | View 990 |
| 2013 | $4.0M | $4.2M | $2.2M | $753K | — | View 990 |
| 2012 | $4.2M | $4.1M | $3.0M | $1.4M | — | View 990 |
| 2011 | $3.9M | $3.8M | $2.0M | $406K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.4M, and assets of $4.9M (revenue +10.5% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.1M, and assets of $4.3M (revenue -0.6% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.2M, and assets of $3.9M (revenue +13.6% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.0M, and assets of $3.7M (revenue -1.3% year-over-year).
- 2019: Revenue of $4.1M, expenses of $3.9M, and assets of $3.7M (revenue +2.1% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.6M, and assets of $3.6M (revenue -0.3% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.7M, and assets of $2.8M (revenue -4.1% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.2M, and assets of $2.7M (revenue -1.3% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.2M, and assets of $2.6M (revenue +1.8% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.0M, and assets of $2.2M (revenue +4.1% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.2M, and assets of $2.2M (revenue -4.1% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.1M, and assets of $3.0M (revenue +7.0% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.8M, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Port Washington 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.