Richfield Misenheimer Fire Department Incorporated
EIN: 566055785 · Richfield, NC · NTEE: M24Z
| Metric | Value |
|---|---|
| Total Revenue | $442K |
| Total Expenses | $236K |
| Net Assets | $1.1M |
Is Richfield Misenheimer Fire Department Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richfield Misenheimer Fire Department Incorporated
Richfield Misenheimer Fire Department Incorporated (EIN: 566055785) is a nonprofit organization based in Richfield, NC, classified under NTEE code M24Z. The organization reported total revenue of $442K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richfield Misenheimer Fire Department Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richfield Misenheimer Fire Department Incorporated is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $325K |
| Total Expenses | $236K |
| Surplus / Deficit | +$90K |
| Total Assets | $1.1M |
| Total Liabilities | $11K |
| Net Assets | $1.1M |
| Operating Margin | 27.5% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 55.0 months |
Financial Health Grade: A
In 2024, Richfield Misenheimer Fire Department Incorporated reported a surplus of $90K with revenue exceeding expenses, holds 55.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Richfield Misenheimer Fire Department Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.0% | -25.9% | -1.6% |
| 2023 | -7.9% | +17.2% | +3.6% |
| 2022 | +41.8% | +21.1% | +5.4% |
| 2021 | +1.8% | +4.4% | -0.9% |
| 2020 | -2.0% | +19.9% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richfield Misenheimer Fire Department Incorporated 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 Richfield Misenheimer Fire Department Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Richfield Misenheimer Fire Department Incorporated
Is Richfield Misenheimer Fire Department Incorporated a legitimate charity?
Richfield Misenheimer Fire Department Incorporated (EIN: 566055785) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $442K. No red flags identified. Financial health grade: A.
How does Richfield Misenheimer Fire Department Incorporated spend its money?
Richfield Misenheimer Fire Department Incorporated reported $442K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richfield Misenheimer Fire Department Incorporated tax-deductible?
Richfield Misenheimer Fire Department Incorporated is registered as a tax-exempt nonprofit (EIN: 566055785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richfield Misenheimer Fire Department Incorporated located?
Richfield Misenheimer Fire Department Incorporated is headquartered in Richfield, North Carolina and files with the IRS under EIN 566055785. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Richfield Misenheimer Fire Department Incorporated have?
Richfield Misenheimer Fire Department Incorporated has 14 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 $442K in total revenue.
Filing History
IRS 990 filing history for Richfield Misenheimer Fire Department Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Richfield Misenheimer Fire Department Incorporated's revenue has grown by 30.8%, moving from $249K to $325K. Total assets decreased by 2.3% over the same period, from $1.1M to $1.1M. Total functional expenses rose by 27.1%, from $185K to $236K. In its most recent filing year (2024), Richfield Misenheimer Fire Department Incorporated reported a surplus of $90K, with revenue exceeding expenses. The organization holds $11K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $325K | $236K | $1.1M | $11K | — | — |
| 2023 | $298K | $318K | $1.1M | $119K | — | View 990 |
| 2022 | $324K | $271K | $1.1M | $61K | — | View 990 |
| 2021 | $228K | $224K | $1.0M | $59K | — | — |
| 2020 | $225K | $215K | $1.0M | $73K | — | View 990 |
| 2019 | $229K | $179K | $1.0M | $94K | — | View 990 |
| 2018 | $266K | $346K | $990K | $109K | — | View 990 |
| 2017 | $200K | $266K | $1.1M | $128K | — | View 990 |
| 2016 | $226K | $240K | $1.2M | $146K | — | View 990 |
| 2015 | $240K | $274K | $1.2M | $163K | — | View 990 |
| 2014 | $237K | $249K | $1.3M | $180K | — | View 990 |
| 2013 | $234K | $204K | $1.1M | $9K | — | View 990 |
| 2012 | $54K | $87K | $1.1M | $10K | — | View 990 |
| 2011 | $249K | $185K | $1.1M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $325K, expenses of $236K, and assets of $1.1M (revenue +9.0% year-over-year).
- 2023: Revenue of $298K, expenses of $318K, and assets of $1.1M (revenue -7.9% year-over-year).
- 2022: Revenue of $324K, expenses of $271K, and assets of $1.1M (revenue +41.8% year-over-year).
- 2021: Revenue of $228K, expenses of $224K, and assets of $1.0M (revenue +1.8% year-over-year).
- 2020: Revenue of $225K, expenses of $215K, and assets of $1.0M (revenue -2.0% year-over-year).
- 2019: Revenue of $229K, expenses of $179K, and assets of $1.0M (revenue -13.8% year-over-year).
- 2018: Revenue of $266K, expenses of $346K, and assets of $990K (revenue +32.9% year-over-year).
- 2017: Revenue of $200K, expenses of $266K, and assets of $1.1M (revenue -11.8% year-over-year).
- 2016: Revenue of $226K, expenses of $240K, and assets of $1.2M (revenue -5.7% year-over-year).
- 2015: Revenue of $240K, expenses of $274K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2014: Revenue of $237K, expenses of $249K, and assets of $1.3M (revenue +1.3% year-over-year).
- 2013: Revenue of $234K, expenses of $204K, and assets of $1.1M (revenue +336.1% year-over-year).
- 2012: Revenue of $54K, expenses of $87K, and assets of $1.1M (revenue -78.4% year-over-year).
- 2011: Revenue of $249K, expenses of $185K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richfield Misenheimer Fire Department Incorporated:
Data Sources and Methodology
This transparency report for Richfield Misenheimer Fire Department Incorporated 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.