Spring Mill Fire Co No 1
EIN: 231274527 · Conshohocken, PA
Is Spring Mill Fire Co No 1 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spring Mill Fire Co No 1
Spring Mill Fire Co No 1 (EIN: 231274527) is a nonprofit organization based in Conshohocken, PA. The organization reported total revenue of $991K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Mill Fire Co No 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spring Mill Fire Co No 1 is a small nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $686K |
| Total Expenses | $825K |
| Surplus / Deficit | $-139,209 |
| Total Assets | $2.3M |
| Total Liabilities | $472K |
| Net Assets | $1.9M |
| Operating Margin | -20.3% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 33.8 months |
Financial Health Grade: B
In 2023, Spring Mill Fire Co No 1 reported a deficit of $139K with expenses exceeding revenue, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spring Mill Fire Co No 1's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +5.7% | -10.5% |
| 2022 | -34.5% | +13.8% | -13.3% |
| 2021 | +59.0% | -4.5% | +17.9% |
| 2020 | -32.6% | -10.3% | -4.7% |
| 2019 | +85.2% | +18.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spring Mill Fire Co No 1 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 Spring Mill Fire Co No 1 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.3%.
Frequently Asked Questions about Spring Mill Fire Co No 1
Is Spring Mill Fire Co No 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, Spring Mill Fire Co No 1 (EIN: 231274527) insufficient data. 0 red flags identified, 0 strengths noted.
How does Spring Mill Fire Co No 1 spend its money?
Detailed spending breakdown data is not yet available for Spring Mill Fire Co No 1. Check back for updated IRS 990 analysis.
Are donations to Spring Mill Fire Co No 1 tax-deductible?
Spring Mill Fire Co No 1 is registered as a tax-exempt nonprofit (EIN: 231274527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Spring Mill Fire Co No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spring Mill Fire Co No 1's revenue has grown by 24.4%, moving from $551K to $686K. Total assets increased by 2.7% over the same period, from $2.3M to $2.3M. Total functional expenses rose by 75.4%, from $470K to $825K. In its most recent filing year (2023), Spring Mill Fire Co No 1 reported a deficit of $139K, with expenses exceeding revenue. The organization holds $472K in liabilities against $2.3M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $686K | $825K | $2.3M | $472K | — | — |
| 2022 | $638K | $781K | $2.6M | $698K | — | View 990 |
| 2021 | $974K | $686K | $3.0M | $759K | — | View 990 |
| 2020 | $612K | $719K | $2.5M | $654K | — | View 990 |
| 2019 | $909K | $801K | $2.7M | $741K | — | View 990 |
| 2018 | $491K | $678K | $2.6M | $796K | — | View 990 |
| 2017 | $576K | $604K | $2.8M | $816K | — | View 990 |
| 2016 | $556K | $571K | $2.9M | $892K | — | View 990 |
| 2015 | $389K | $550K | $3.0M | $970K | — | View 990 |
| 2014 | $493K | $555K | $3.2M | $1.0M | — | View 990 |
| 2013 | $918K | $489K | $3.4M | $1.1M | — | View 990 |
| 2012 | $611K | $498K | $2.3M | $514K | — | View 990 |
| 2011 | $551K | $470K | $2.3M | $569K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $686K, expenses of $825K, and assets of $2.3M (revenue +7.6% year-over-year).
- 2022: Revenue of $638K, expenses of $781K, and assets of $2.6M (revenue -34.5% year-over-year).
- 2021: Revenue of $974K, expenses of $686K, and assets of $3.0M (revenue +59.0% year-over-year).
- 2020: Revenue of $612K, expenses of $719K, and assets of $2.5M (revenue -32.6% year-over-year).
- 2019: Revenue of $909K, expenses of $801K, and assets of $2.7M (revenue +85.2% year-over-year).
- 2018: Revenue of $491K, expenses of $678K, and assets of $2.6M (revenue -14.8% year-over-year).
- 2017: Revenue of $576K, expenses of $604K, and assets of $2.8M (revenue +3.6% year-over-year).
- 2016: Revenue of $556K, expenses of $571K, and assets of $2.9M (revenue +43.0% year-over-year).
- 2015: Revenue of $389K, expenses of $550K, and assets of $3.0M (revenue -21.2% year-over-year).
- 2014: Revenue of $493K, expenses of $555K, and assets of $3.2M (revenue -46.3% year-over-year).
- 2013: Revenue of $918K, expenses of $489K, and assets of $3.4M (revenue +50.3% year-over-year).
- 2012: Revenue of $611K, expenses of $498K, and assets of $2.3M (revenue +10.7% year-over-year).
- 2011: Revenue of $551K, expenses of $470K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Spring Mill Fire Co No 1 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.