Vincent Fire Company No 1 Inc
Vincent Fire Company No 1 Inc: Declining Revenue and Asset Trends Raise Concerns
EIN: 222612851 · Southampton, NJ · Updated: 2026-04-04
Is Vincent Fire Company No 1 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vincent Fire Company No 1 Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vincent Fire Company No 1 Inc
Vincent Fire Company No 1 Inc (EIN: 222612851) is a nonprofit organization based in Southampton, NJ. The organization reported total revenue of $220K and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vincent Fire Company No 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vincent Fire Company No 1 Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Vincent Fire Company No 1 Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could indicate underreporting or a fully volunteer-run leadership.
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 Vincent Fire Company No 1 Inc's IRS 990 filings:
- Total revenue has shown a significant decline from $135,891 in 2020 to $73,752 in 2019, and further to $170,779 in 2023, indicating an inconsistent and potentially unstable funding base.
- Total assets have decreased from $220,763 in 2021 to $155,703 in 2023, suggesting a shrinking financial footprint.
- The consistent reporting of $0 for executive compensation across all years is a red flag, as it's uncommon for any organization to operate without some form of leadership compensation, even if minimal.
Strengths
The following positive indicators were identified for Vincent Fire Company No 1 Inc:
- The organization has consistently maintained a positive asset balance over the years, demonstrating some financial stability despite revenue fluctuations.
- The organization has consistently reported 0% compensation for officers, directors, trustees, and key employees, which could indicate a highly volunteer-driven model, maximizing funds for direct services.
Frequently Asked Questions about Vincent Fire Company No 1 Inc
Is Vincent Fire Company No 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vincent Fire Company No 1 Inc (EIN: 222612851) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Vincent Fire Company No 1 Inc spend its money?
Vincent Fire Company No 1 Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vincent Fire Company No 1 Inc tax-deductible?
Vincent Fire Company No 1 Inc is registered as a tax-exempt nonprofit (EIN: 222612851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Vincent Fire Company No 1 Inc do?
Vincent Fire Company No 1 Inc is a nonprofit organization in the Unknown sector, located in Southampton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Vincent Fire Company No 1 Inc have?
Vincent Fire Company No 1 Inc reported total revenue of $220,262. Based on 13 IRS 990 filings on record.
What are Vincent Fire Company No 1 Inc's total assets?
Vincent Fire Company No 1 Inc holds total assets of $158,578 as reported in IRS 990 filings.
Where is Vincent Fire Company No 1 Inc located?
Vincent Fire Company No 1 Inc is based in Southampton, New Jersey.
What is Vincent Fire Company No 1 Inc's EIN?
Vincent Fire Company No 1 Inc's Employer Identification Number (EIN) is 222612851. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vincent Fire Company No 1 Inc?
Vincent Fire Company No 1 Inc is classified under NTEE code Unknown (Unknown).
Is Vincent Fire Company No 1 Inc a registered 501(c)(3)?
Vincent Fire Company No 1 Inc appears in IRS records (EIN: 222612851). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Vincent Fire Company No 1 Inc file IRS Form 990?
Yes, Vincent Fire Company No 1 Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vincent Fire Company No 1 Inc's revenue in 2023?
In the 202312 filing period, Vincent Fire Company No 1 Inc reported total revenue of $170,779, total expenses of $204,774, and net assets of $155,703.
Is Vincent Fire Company No 1 Inc's revenue growing or declining?
Vincent Fire Company No 1 Inc's revenue is growing. Revenue went from $119,781 (202212) to $170,779 (202312), a +42.6% change. Based on 13 filings on record.
What is Vincent Fire Company No 1 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Vincent Fire Company No 1 Inc covers tax period 202312. It shows revenue of $170,779, expenses of $204,774, total assets of $155,703, and liabilities of $6,133.
How much does Vincent Fire Company No 1 Inc spend on programs vs administration?
Based on IRS 990 analysis, Vincent Fire Company No 1 Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Vincent Fire Company No 1 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Vincent Fire Company No 1 Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Vincent Fire Company No 1 Inc?
The following concerns were identified: Total revenue has shown a significant decline from $135,891 in 2020 to $73,752 in 2019, and further to $170,779 in 2023, indicating an inconsistent and potentially unstable funding base.. Total assets have decreased from $220,763 in 2021 to $155,703 in 2023, suggesting a shrinking financial footprint.. The consistent reporting of $0 for executive compensation across all years is a red flag, as it's uncommon for any organization to operate without some form of leadership compensation, even if minimal.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Vincent Fire Company No 1 Inc's strengths?
Positive indicators for Vincent Fire Company No 1 Inc include: The organization has consistently maintained a positive asset balance over the years, demonstrating some financial stability despite revenue fluctuations.. The organization has consistently reported 0% compensation for officers, directors, trustees, and key employees, which could indicate a highly volunteer-driven model, maximizing funds for direct services.. These findings are derived from AI analysis of the organization's financial filings.
How does Vincent Fire Company No 1 Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could indicate underreporting or a fully volunteer-run leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization ensure effective leadership and operational continuity, and what mechanisms are in place for accountability?
The consistent $0 executive compensation suggests a fully volunteer-led structure. While admirable, it raises questions about the sustainability of leadership and the potential for burnout. Accountability would likely rely on board oversight and internal governance structures, which are not detailed in the provided data.
What factors contributed to the significant fluctuations in revenue, such as the drop from $135,891 in 2020 to $73,752 in 2019, and how is the organization addressing these inconsistencies to ensure long-term financial viability?
The provided data does not specify the reasons for revenue fluctuations. Potential factors could include changes in fundraising strategies, economic conditions, or shifts in community support. Addressing these would require a strategic plan for diversified funding and donor engagement, which is not evident from the filings.
Filing History
IRS 990 filing history for Vincent Fire Company No 1 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vincent Fire Company No 1 Inc's revenue has grown by 70.2%, moving from $100K to $171K. Total assets decreased by 24.2% over the same period, from $205K to $156K. Total functional expenses rose by 203%, from $68K to $205K. In its most recent filing year (2023), Vincent Fire Company No 1 Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $6K in liabilities against $156K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $150K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $205K | $156K | $6K | — | — |
| 2022 | $120K | $147K | $192K | $8K | — | View 990 |
| 2021 | $122K | $100K | $221K | $10K | — | View 990 |
| 2020 | $136K | $94K | $209K | $21K | — | View 990 |
| 2019 | $74K | $96K | $178K | $34K | — | View 990 |
| 2018 | $95K | $100K | $209K | $43K | — | View 990 |
| 2017 | $120K | $93K | $206K | $35K | — | View 990 |
| 2016 | $83K | $54K | $144K | $0 | — | View 990 |
| 2015 | $77K | $80K | $117K | $1K | — | View 990 |
| 2014 | $90K | $103K | $163K | $4K | — | View 990 |
| 2013 | $90K | $112K | $175K | $4K | — | View 990 |
| 2012 | $92K | $96K | $197K | $4K | — | View 990 |
| 2011 | $100K | $68K | $205K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $205K, and assets of $156K (revenue +42.6% year-over-year).
- 2022: Revenue of $120K, expenses of $147K, and assets of $192K (revenue -2.2% year-over-year).
- 2021: Revenue of $122K, expenses of $100K, and assets of $221K (revenue -9.9% year-over-year).
- 2020: Revenue of $136K, expenses of $94K, and assets of $209K (revenue +84.3% year-over-year).
- 2019: Revenue of $74K, expenses of $96K, and assets of $178K (revenue -22.3% year-over-year).
- 2018: Revenue of $95K, expenses of $100K, and assets of $209K (revenue -20.8% year-over-year).
- 2017: Revenue of $120K, expenses of $93K, and assets of $206K (revenue +44.3% year-over-year).
- 2016: Revenue of $83K, expenses of $54K, and assets of $144K (revenue +7.7% year-over-year).
- 2015: Revenue of $77K, expenses of $80K, and assets of $117K (revenue -14.2% year-over-year).
- 2014: Revenue of $90K, expenses of $103K, and assets of $163K (revenue -0.5% year-over-year).
- 2013: Revenue of $90K, expenses of $112K, and assets of $175K (revenue -1.6% year-over-year).
- 2012: Revenue of $92K, expenses of $96K, and assets of $197K (revenue -8.5% year-over-year).
- 2011: Revenue of $100K, expenses of $68K, and assets of $205K.
Data Sources and Methodology
This transparency report for Vincent Fire Company No 1 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.