Waseca Fire Department Relief
EIN: 416024138 · Waseca, MN · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $742K |
| Total Expenses | $42K |
| Net Assets | $2.3M |
Is Waseca Fire Department Relief Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waseca Fire Department Relief
Waseca Fire Department Relief (EIN: 416024138) is a nonprofit organization based in Waseca, MN, classified under NTEE code M24. The organization reported total revenue of $742K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waseca Fire Department Relief's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waseca Fire Department Relief is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $42K |
| Surplus / Deficit | +$160K |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 79.2% |
| Months of Reserves | 661.2 months |
Financial Health Grade: A
In 2022, Waseca Fire Department Relief reported a surplus of $160K with revenue exceeding expenses, holds 661.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2013–2022), Waseca Fire Department Relief's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -22.1% | +95.4% | -11.0% |
| 2021 | +79.8% | -9.4% | +19.4% |
| 2020 | -16.4% | +5.2% | +15.7% |
| 2019 | -42.3% | -85.4% | +22.5% |
| 2018 | +72.0% | -34.3% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waseca Fire Department Relief 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 Waseca Fire Department Relief 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $160K, with revenue exceeding expenses.
Frequently Asked Questions about Waseca Fire Department Relief
Is Waseca Fire Department Relief a legitimate charity?
Waseca Fire Department Relief (EIN: 416024138) is a registered tax-exempt nonprofit based in Minnesota. It has 10 years of IRS 990 filings on record. Total revenue: $742K. No red flags identified. Financial health grade: A.
How does Waseca Fire Department Relief spend its money?
Waseca Fire Department Relief reported $742K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Waseca Fire Department Relief tax-deductible?
Waseca Fire Department Relief is registered as a tax-exempt nonprofit (EIN: 416024138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waseca Fire Department Relief located?
Waseca Fire Department Relief is headquartered in Waseca, Minnesota and files with the IRS under EIN 416024138. It is classified under NTEE code M24.
How many years of IRS 990 filings does Waseca Fire Department Relief have?
Waseca Fire Department Relief has 10 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 $742K in total revenue.
Filing History
IRS 990 filing history for Waseca Fire Department Relief showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Waseca Fire Department Relief's revenue has grown by 8%, moving from $187K to $202K. Total assets increased by 76.4% over the same period, from $1.3M to $2.3M. Total functional expenses fell by 86.8%, from $318K to $42K. In its most recent filing year (2022), Waseca Fire Department Relief reported a surplus of $160K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $202K | $42K | $2.3M | $0 | — | View 990 |
| 2021 | $260K | $22K | $2.6M | $0 | — | View 990 |
| 2020 | $144K | $24K | $2.2M | $0 | — | — |
| 2019 | $173K | $23K | $1.9M | $0 | — | — |
| 2018 | $300K | $155K | $1.5M | $0 | — | View 990 |
| 2017 | $174K | $236K | $1.7M | $0 | — | View 990 |
| 2016 | $174K | $140K | $1.6M | $0 | — | View 990 |
| 2015 | $194K | $95K | $1.5M | $0 | — | View 990 |
| 2014 | $189K | $44K | $1.5M | $0 | — | View 990 |
| 2013 | $187K | $318K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $202K, expenses of $42K, and assets of $2.3M (revenue -22.1% year-over-year).
- 2021: Revenue of $260K, expenses of $22K, and assets of $2.6M (revenue +79.8% year-over-year).
- 2020: Revenue of $144K, expenses of $24K, and assets of $2.2M (revenue -16.4% year-over-year).
- 2019: Revenue of $173K, expenses of $23K, and assets of $1.9M (revenue -42.3% year-over-year).
- 2018: Revenue of $300K, expenses of $155K, and assets of $1.5M (revenue +72.0% year-over-year).
- 2017: Revenue of $174K, expenses of $236K, and assets of $1.7M (revenue -0.2% year-over-year).
- 2016: Revenue of $174K, expenses of $140K, and assets of $1.6M (revenue -10.2% year-over-year).
- 2015: Revenue of $194K, expenses of $95K, and assets of $1.5M (revenue +2.6% year-over-year).
- 2014: Revenue of $189K, expenses of $44K, and assets of $1.5M (revenue +1.1% year-over-year).
- 2013: Revenue of $187K, expenses of $318K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waseca Fire Department Relief:
Data Sources and Methodology
This transparency report for Waseca Fire Department Relief 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.