The Grifton Community Fire Association Incorporated
EIN: 561458981 · Grifton, NC
Is The Grifton Community Fire Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Grifton Community Fire Association Incorporated
The Grifton Community Fire Association Incorporated (EIN: 561458981) is a nonprofit organization based in Grifton, NC. The organization reported total revenue of $300K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Grifton Community Fire Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Grifton Community Fire Association Incorporated is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $332K |
| Total Expenses | $216K |
| Surplus / Deficit | +$116K |
| Total Assets | $1.1M |
| Total Liabilities | $361K |
| Net Assets | $710K |
| Operating Margin | 34.9% |
| Debt-to-Asset Ratio | 33.7% |
| Months of Reserves | 59.4 months |
Financial Health Grade: A
In 2023, The Grifton Community Fire Association Incorporated reported a surplus of $116K with revenue exceeding expenses, holds 59.4 months of operating reserves (strong position), has a debt-to-asset ratio of 33.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Grifton Community Fire Association Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | -32.1% | +4.3% |
| 2022 | -39.7% | +13.4% | -7.0% |
| 2021 | +70.9% | +6.0% | +21.3% |
| 2020 | -22.5% | +11.8% | +0.7% |
| 2019 | +43.5% | +22.6% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Grifton Community Fire Association 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 The Grifton Community Fire Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $116K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.7%.
Frequently Asked Questions about The Grifton Community Fire Association Incorporated
Is The Grifton Community Fire Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The Grifton Community Fire Association Incorporated (EIN: 561458981) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Grifton Community Fire Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for The Grifton Community Fire Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to The Grifton Community Fire Association Incorporated tax-deductible?
The Grifton Community Fire Association Incorporated is registered as a tax-exempt nonprofit (EIN: 561458981). 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 The Grifton Community Fire Association Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Grifton Community Fire Association Incorporated's revenue has grown by 51%, moving from $220K to $332K. Total assets increased by 217% over the same period, from $338K to $1.1M. Total functional expenses rose by 23.5%, from $175K to $216K. In its most recent filing year (2023), The Grifton Community Fire Association Incorporated reported a surplus of $116K, with revenue exceeding expenses. The organization holds $361K in liabilities against $1.1M in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $710K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $332K | $216K | $1.1M | $361K | — | — |
| 2022 | $307K | $319K | $1.0M | $433K | — | View 990 |
| 2021 | $509K | $281K | $1.1M | $489K | — | — |
| 2020 | $298K | $265K | $911K | $523K | — | View 990 |
| 2019 | $384K | $237K | $905K | $549K | — | View 990 |
| 2018 | $268K | $194K | $897K | $595K | — | — |
| 2017 | $309K | $121K | $830K | $590K | — | View 990 |
| 2016 | $225K | $138K | $717K | $476K | — | View 990 |
| 2015 | $290K | $156K | $684K | $453K | — | View 990 |
| 2014 | $234K | $114K | $654K | $424K | — | View 990 |
| 2013 | $206K | $147K | $629K | $519K | — | View 990 |
| 2012 | $200K | $125K | $400K | $348K | — | View 990 |
| 2011 | $220K | $175K | $338K | $361K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $332K, expenses of $216K, and assets of $1.1M (revenue +8.1% year-over-year).
- 2022: Revenue of $307K, expenses of $319K, and assets of $1.0M (revenue -39.7% year-over-year).
- 2021: Revenue of $509K, expenses of $281K, and assets of $1.1M (revenue +70.9% year-over-year).
- 2020: Revenue of $298K, expenses of $265K, and assets of $911K (revenue -22.5% year-over-year).
- 2019: Revenue of $384K, expenses of $237K, and assets of $905K (revenue +43.5% year-over-year).
- 2018: Revenue of $268K, expenses of $194K, and assets of $897K (revenue -13.2% year-over-year).
- 2017: Revenue of $309K, expenses of $121K, and assets of $830K (revenue +37.6% year-over-year).
- 2016: Revenue of $225K, expenses of $138K, and assets of $717K (revenue -22.7% year-over-year).
- 2015: Revenue of $290K, expenses of $156K, and assets of $684K (revenue +24.2% year-over-year).
- 2014: Revenue of $234K, expenses of $114K, and assets of $654K (revenue +13.7% year-over-year).
- 2013: Revenue of $206K, expenses of $147K, and assets of $629K (revenue +3.0% year-over-year).
- 2012: Revenue of $200K, expenses of $125K, and assets of $400K (revenue -9.3% year-over-year).
- 2011: Revenue of $220K, expenses of $175K, and assets of $338K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Grifton Community Fire Association Incorporated:
Data Sources and Methodology
This transparency report for The Grifton Community Fire Association 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.