Queenstown Volunteer Fire Department Inc
Queenstown Volunteer Fire Department consistently maintains strong assets and low liabilities with no reported officer compensation.
EIN: 202224485 · Queenstown, MD · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $625K |
| Total Expenses | $391K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 92/100 |
Is Queenstown Volunteer Fire Department Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Queenstown Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Queenstown Volunteer Fire Department Inc
Queenstown Volunteer Fire Department Inc (EIN: 202224485) is a nonprofit organization based in Queenstown, MD, classified under NTEE code M24. The organization reported total revenue of $625K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queenstown Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Queenstown Volunteer Fire Department Inc is a small nonprofit that has been operating for 7 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $391K |
| Surplus / Deficit | +$212K |
| Total Assets | $2.3M |
| Total Liabilities | $18K |
| Net Assets | $2.2M |
| Operating Margin | 35.2% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 69.2 months |
Financial Health Grade: A
In 2023, Queenstown Volunteer Fire Department Inc reported a surplus of $212K with revenue exceeding expenses, holds 69.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Queenstown Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | -41.3% | +0.1% |
| 2022 | +5.7% | +61.4% | -1.6% |
| 2021 | -18.1% | -35.2% | +2.4% |
| 2020 | +12.0% | +26.5% | -3.1% |
| 2019 | +14.1% | +35.2% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Queenstown 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, Queenstown 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $212K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit 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 Queenstown Volunteer Fire Department Inc's IRS 990 filings:
- None apparent from the provided summary data.
Strengths
The following positive indicators were identified for Queenstown Volunteer Fire Department Inc:
- Consistent positive net income in most years, indicating financial sustainability (e.g., $603,230 revenue vs. $390,831 expenses in 2023).
- Strong and growing asset base ($2,252,988 in 2023), providing a solid financial foundation.
- Extremely low liabilities ($18,095 in 2023), demonstrating excellent financial management.
- 0% officer compensation reported across all filings, indicating a highly volunteer-driven and efficient leadership structure.
- Consistent IRS 990 filing history (12 filings), demonstrating good transparency and compliance.
Frequently Asked Questions about Queenstown Volunteer Fire Department Inc
Is Queenstown Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queenstown Volunteer Fire Department Inc (EIN: 202224485) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Queenstown Volunteer Fire Department Inc spend its money?
Queenstown Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Queenstown Volunteer Fire Department Inc tax-deductible?
Queenstown Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 202224485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Queenstown Volunteer Fire Department Inc's spending goes to programs?
Queenstown Volunteer Fire Department Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Queenstown Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Queenstown Volunteer Fire Department Inc is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Queenstown Volunteer Fire Department Inc located?
Queenstown Volunteer Fire Department Inc is headquartered in Queenstown, Maryland and files with the IRS under EIN 202224485. It is classified under NTEE code M24.
How many years of IRS 990 filings does Queenstown Volunteer Fire Department Inc have?
Queenstown Volunteer Fire Department Inc has 12 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 $625K in total revenue.
Is Queenstown Volunteer Fire Department Inc a good charity?
Based on the available financial data, Queenstown Volunteer Fire Department Inc appears to be a very good charity. They consistently maintain strong assets ($2,252,988 in 2023), have very low liabilities ($18,095 in 2023), and report no officer compensation, indicating efficient use of funds for their mission.
How does their financial health compare to similar organizations?
While a direct comparison to similar organizations is not provided, their consistent revenue generation, significant asset base, and minimal liabilities suggest a very strong financial position, likely outperforming many smaller volunteer-based organizations.
What is the trend in their revenue and expenses?
Revenue has generally been stable to increasing over the past decade, with the latest revenue at $603,230 in 2023. Expenses have fluctuated but have generally been well below revenue, leading to consistent surpluses, except for 2022 where expenses ($666,163) slightly exceeded revenue ($637,595).
Filing History
IRS 990 filing history for Queenstown Volunteer Fire Department Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Queenstown Volunteer Fire Department Inc's revenue has grown by 52.6%, moving from $395K to $603K. Total assets increased by 92.3% over the same period, from $1.2M to $2.3M. Total functional expenses rose by 107.4%, from $188K to $391K. In its most recent filing year (2023), Queenstown Volunteer Fire Department Inc reported a surplus of $212K, with revenue exceeding expenses. The organization holds $18K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $391K | $2.3M | $18K | — | — |
| 2022 | $638K | $666K | $2.3M | $62K | — | View 990 |
| 2021 | $603K | $413K | $2.3M | $69K | — | View 990 |
| 2020 | $737K | $637K | $2.2M | $211K | — | View 990 |
| 2019 | $658K | $503K | $2.3M | $444K | — | View 990 |
| 2018 | $577K | $372K | $2.4M | $667K | — | View 990 |
| 2017 | $494K | $267K | $1.5M | $0 | — | — |
| 2016 | $468K | $291K | $1.6M | $8K | — | View 990 |
| 2015 | $460K | $346K | $1.6M | $132K | — | View 990 |
| 2014 | $444K | $506K | $1.6M | $245K | — | View 990 |
| 2013 | $543K | $323K | $1.8M | $430K | — | View 990 |
| 2012 | $395K | $188K | $1.2M | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $391K, and assets of $2.3M (revenue -5.4% year-over-year).
- 2022: Revenue of $638K, expenses of $666K, and assets of $2.3M (revenue +5.7% year-over-year).
- 2021: Revenue of $603K, expenses of $413K, and assets of $2.3M (revenue -18.1% year-over-year).
- 2020: Revenue of $737K, expenses of $637K, and assets of $2.2M (revenue +12.0% year-over-year).
- 2019: Revenue of $658K, expenses of $503K, and assets of $2.3M (revenue +14.1% year-over-year).
- 2018: Revenue of $577K, expenses of $372K, and assets of $2.4M (revenue +16.8% year-over-year).
- 2017: Revenue of $494K, expenses of $267K, and assets of $1.5M (revenue +5.4% year-over-year).
- 2016: Revenue of $468K, expenses of $291K, and assets of $1.6M (revenue +1.8% year-over-year).
- 2015: Revenue of $460K, expenses of $346K, and assets of $1.6M (revenue +3.5% year-over-year).
- 2014: Revenue of $444K, expenses of $506K, and assets of $1.6M (revenue -18.2% year-over-year).
- 2013: Revenue of $543K, expenses of $323K, and assets of $1.8M (revenue +37.3% year-over-year).
- 2012: Revenue of $395K, expenses of $188K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Queenstown Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Queenstown 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.