South Wall Fire Co Inc
South Wall Fire Co Inc: Stable Finances, Low Program Spending
EIN: 223083561 · Allenwood, NJ · NTEE: M24Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $119K |
| Program Spending | 17% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is South Wall Fire Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Wall Fire Co Inc directs 17% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About South Wall Fire Co Inc
South Wall Fire Co Inc (EIN: 223083561) is a nonprofit organization based in Allenwood, NJ, classified under NTEE code M24Z. The organization reported total revenue of $216K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Wall Fire Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Wall Fire Co Inc is a small nonprofit that has been operating for 33 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $119K |
| Surplus / Deficit | +$80K |
| Total Assets | $1.4M |
| Total Liabilities | $184K |
| Net Assets | $1.2M |
| Operating Margin | 40.3% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 142.3 months |
Financial Health Grade: A
In 2023, South Wall Fire Co Inc reported a surplus of $80K with revenue exceeding expenses, holds 142.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), South Wall Fire Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +118.7% | +51.3% | +8.4% |
| 2020 | -46.7% | +5.0% | -5.4% |
| 2019 | +43.3% | +23.0% | +1.8% |
| 2018 | -30.6% | -7.9% | -1.0% |
| 2017 | +19.9% | -32.5% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1993 |
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 South Wall Fire Co Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 17%
- fundraising: 33%
According to IRS 990 filings, South Wall Fire Co Inc allocates its expenses as follows: admin: 50%, programs: 17%, fundraising: 33%. Only 17% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold of $100,000 for any individual.
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 South Wall Fire Co Inc's IRS 990 filings:
- Program expenses are consistently low, representing only 17% of total expenses in 2023 ($19,955 out of $119,121 total expenses).
- Administrative expenses are disproportionately high, accounting for 50% of total expenses in 2023 ($59,560 out of $119,121 total expenses).
- Fundraising expenses are significant at 33% of total expenses in 2023 ($39,606 out of $119,121 total expenses).
Strengths
The following positive indicators were identified for South Wall Fire Co Inc:
- The organization maintains a healthy asset base, consistently over $1.3 million.
- Revenue has shown some growth, with 2023 revenue at $199,554, up from $91,233 in 2020.
- The organization has consistently reported 0% compensation, suggesting a volunteer-driven or very low-paid leadership structure.
Frequently Asked Questions about South Wall Fire Co Inc
Is South Wall Fire Co Inc a legitimate charity?
South Wall Fire Co Inc (EIN: 223083561) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $216K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does South Wall Fire Co Inc spend its money?
South Wall Fire Co Inc directs 17% of its spending to programs and services. Fundraising costs 33%. This falls below the 65% benchmark.
Are donations to South Wall Fire Co Inc tax-deductible?
South Wall Fire Co Inc is registered as a tax-exempt nonprofit (EIN: 223083561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Wall Fire Co Inc CEO make?
South Wall Fire Co Inc's highest-compensated officer earns $100,000 annually. The organization reported $216K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Wall Fire Co Inc's spending goes to programs?
South Wall Fire Co Inc directs 17% to programs, 33% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does South Wall Fire Co Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), South Wall Fire Co Inc is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Wall Fire Co Inc located?
South Wall Fire Co Inc is headquartered in Allenwood, New Jersey and files with the IRS under EIN 223083561. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does South Wall Fire Co Inc have?
South Wall Fire Co Inc has 11 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 $216K in total revenue.
What does South Wall Fire Co Inc do?
South Wall Fire Co Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Allenwood, New Jersey. It is classified under NTEE code M24Z.
How much revenue does South Wall Fire Co Inc have?
South Wall Fire Co Inc reported total revenue of $216,049. Based on 11 IRS 990 filings on record.
What are South Wall Fire Co Inc's total assets?
South Wall Fire Co Inc holds total assets of $1,434,594 as reported in IRS 990 filings.
Where is South Wall Fire Co Inc located?
South Wall Fire Co Inc is based in Allenwood, New Jersey.
What is South Wall Fire Co Inc's EIN?
South Wall Fire Co Inc's Employer Identification Number (EIN) is 223083561. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Wall Fire Co Inc?
South Wall Fire Co Inc is classified under NTEE code M24Z (Public Safety & Disaster Preparedness).
Is South Wall Fire Co Inc a registered 501(c)(3)?
Yes, South Wall Fire Co Inc is recognized as a tax-exempt organization by the IRS. EIN: 223083561.
Does South Wall Fire Co Inc file IRS Form 990?
Yes, South Wall Fire Co Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was South Wall Fire Co Inc's revenue in 2023?
In the 202312 filing period, South Wall Fire Co Inc reported total revenue of $199,554, total expenses of $119,121, and net assets of $1,412,782.
Is South Wall Fire Co Inc's revenue growing or declining?
South Wall Fire Co Inc's revenue is growing. Revenue went from $91,233 (202012) to $199,554 (202312), a +118.7% change. Based on 11 filings on record.
What is South Wall Fire Co Inc's most recent 990 filing?
The most recent IRS Form 990 filing for South Wall Fire Co Inc covers tax period 202312. It shows revenue of $199,554, expenses of $119,121, total assets of $1,412,782, and liabilities of $183,599.
How much does South Wall Fire Co Inc spend on programs vs administration?
Based on IRS 990 analysis, South Wall Fire Co Inc allocates approximately 17% of expenses to program services, 50% to administrative costs, and 33% to fundraising. Overhead costs appear high relative to program spending.
Is South Wall Fire Co Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, South Wall Fire Co Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for South Wall Fire Co Inc?
The following concerns were identified: Program expenses are consistently low, representing only 17% of total expenses in 2023 ($19,955 out of $119,121 total expenses).. Administrative expenses are disproportionately high, accounting for 50% of total expenses in 2023 ($59,560 out of $119,121 total expenses).. Fundraising expenses are significant at 33% of total expenses in 2023 ($39,606 out of $119,121 total expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are South Wall Fire Co Inc's strengths?
Positive indicators for South Wall Fire Co Inc include: The organization maintains a healthy asset base, consistently over $1.3 million.. Revenue has shown some growth, with 2023 revenue at $199,554, up from $91,233 in 2020.. The organization has consistently reported 0% compensation, suggesting a volunteer-driven or very low-paid leadership structure.. These findings are derived from AI analysis of the organization's financial filings.
How does South Wall Fire Co Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold of $100,000 for any individual. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high administrative and fundraising costs relative to program spending, what specific activities are categorized under these expenses, and how do they directly support the fire company's mission?
Without more detailed breakdowns in the 990 filings, it's difficult to ascertain. However, the high administrative costs could include facility maintenance, insurance, and general overhead, while fundraising costs would cover events, campaigns, and personnel involved in securing donations. A deeper dive into their 990s would be needed to understand the specific line items.
How does South Wall Fire Co Inc measure the impact of its programs, especially considering the relatively low program expenditure compared to its overall revenue and assets?
The provided data does not include any metrics or reports on program impact. With program expenses at only $19,955 in 2023, it suggests either a very lean operational model for direct services or a focus on other areas not classified as 'program services' in the standard accounting. Further investigation into their annual reports or website would be necessary to understand their impact measurement.
Filing History
IRS 990 filing history for South Wall Fire Co Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), South Wall Fire Co Inc's revenue has grown by 52.5%, moving from $131K to $200K. Total assets decreased by 4.5% over the same period, from $1.5M to $1.4M. Total functional expenses fell by 2%, from $122K to $119K. In its most recent filing year (2023), South Wall Fire Co Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $184K in liabilities against $1.4M in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $119K | $1.4M | $184K | — | View 990 |
| 2020 | $91K | $79K | $1.3M | $232K | — | View 990 |
| 2019 | $171K | $75K | $1.4M | $319K | — | View 990 |
| 2018 | $119K | $61K | $1.4M | $386K | — | View 990 |
| 2017 | $172K | $66K | $1.4M | $458K | — | View 990 |
| 2016 | $144K | $98K | $1.3M | $545K | — | View 990 |
| 2015 | $146K | $103K | $1.4M | $601K | — | View 990 |
| 2014 | $110K | $82K | $1.4M | $670K | — | View 990 |
| 2013 | $122K | $98K | $1.4M | $733K | — | View 990 |
| 2012 | $138K | $107K | $1.5M | $799K | — | View 990 |
| 2011 | $131K | $122K | $1.5M | $849K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $119K, and assets of $1.4M (revenue +118.7% year-over-year).
- 2020: Revenue of $91K, expenses of $79K, and assets of $1.3M (revenue -46.7% year-over-year).
- 2019: Revenue of $171K, expenses of $75K, and assets of $1.4M (revenue +43.3% year-over-year).
- 2018: Revenue of $119K, expenses of $61K, and assets of $1.4M (revenue -30.6% year-over-year).
- 2017: Revenue of $172K, expenses of $66K, and assets of $1.4M (revenue +19.9% year-over-year).
- 2016: Revenue of $144K, expenses of $98K, and assets of $1.3M (revenue -1.9% year-over-year).
- 2015: Revenue of $146K, expenses of $103K, and assets of $1.4M (revenue +33.0% year-over-year).
- 2014: Revenue of $110K, expenses of $82K, and assets of $1.4M (revenue -9.7% year-over-year).
- 2013: Revenue of $122K, expenses of $98K, and assets of $1.4M (revenue -11.6% year-over-year).
- 2012: Revenue of $138K, expenses of $107K, and assets of $1.5M (revenue +5.3% year-over-year).
- 2011: Revenue of $131K, expenses of $122K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Wall Fire Co Inc:
Data Sources and Methodology
This transparency report for South Wall Fire Co 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.