Watertown Fire Department Inc
Watertown Fire Department Inc maintains strong financial health with growing assets and zero liabilities.
EIN: 202486049 · Watertown, CT · NTEE: M24 · Updated: 2026-03-28
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Watertown Fire Department Inc is mapped to EIN 202486049.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $144K |
| Program Spending | 90% |
| Net Assets | $192K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Watertown Fire Department Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Watertown Fire Department Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Watertown Fire Department Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $174K and expenses of $144K.
Revenue and Expenses
Watertown Fire Department Inc reported $174K in revenue and $144K in expenses, a surplus of $30K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Watertown Fire Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $130K (90%) |
Across stored filings, Watertown Fire Department Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category M context |
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Watertown, CT nonprofitsCategory M in Connecticut
Human Services in Connecticut
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Watertown Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watertown Fire Department Inc
Watertown Fire Department Inc (EIN: 202486049) is a nonprofit organization based in Watertown, CT, classified under NTEE code M24. The organization reported total revenue of $156K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watertown Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watertown Fire Department Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $144K |
| Surplus / Deficit | +$30K |
| Total Assets | $192K |
| Net Assets | $192K |
| Operating Margin | 17.3% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Watertown Fire Department Inc reported a surplus of $30K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Watertown Fire Department Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.3% | +6.4% | +17.5% |
| 2022 | -21.2% | -17.6% | -6.6% |
| 2021 | +38.0% | +58.0% | +14.2% |
| 2020 | -4.7% | -20.2% | +22.2% |
| 2019 | -16.8% | -0.8% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Watertown Fire Department Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Watertown Fire Department Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer leadership structure. This is highly favorable, as all funds can be directed towards the organization's mission rather than administrative salaries.
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.
Strengths
The following positive indicators were identified for Watertown Fire Department Inc:
- Consistent reporting of zero liabilities across all filings, indicating strong financial health.
- No reported officer compensation, suggesting a volunteer-driven model and high efficiency.
- Steady growth in assets over the past decade, from $101,091 in 2014 to $192,434 in 2023.
- Revenues generally exceed or closely match expenses, demonstrating sound financial management.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Watertown Fire Department Inc
Is Watertown Fire Department Inc a legitimate charity?
Watertown Fire Department Inc (EIN: 202486049) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $156K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Watertown Fire Department Inc spend its money?
Watertown Fire Department Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Watertown Fire Department Inc tax-deductible?
Watertown Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 202486049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Watertown Fire Department Inc's spending goes to programs?
Watertown Fire Department Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watertown Fire Department Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Watertown Fire Department Inc is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watertown Fire Department Inc located?
Watertown Fire Department Inc is headquartered in Watertown, Connecticut and files with the IRS under EIN 202486049. It is classified under NTEE code M24.
How many years of IRS 990 filings does Watertown Fire Department Inc have?
Watertown Fire Department Inc has 13 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 $156K in total revenue.
Is Watertown Fire Department Inc a good charity?
Based on the IRS 990 data, Watertown Fire Department Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, zero liabilities, and a volunteer leadership structure with no reported officer compensation, meaning funds are highly likely to be directed to its mission.
How does Watertown Fire Department Inc manage its finances?
The organization manages its finances responsibly, consistently operating with revenues covering expenses and accumulating assets. For instance, in 2023, revenue was $174,471 against expenses of $144,249, showing a surplus. The consistent reporting of zero liabilities across all filings highlights excellent financial stewardship.
What is the trend in assets for Watertown Fire Department Inc?
Assets for Watertown Fire Department Inc have shown a consistent upward trend, increasing from $101,091 in 2014 to $192,434 in 2023, indicating healthy financial growth and resource accumulation.
Filing History
IRS 990 filing history for Watertown Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Watertown Fire Department Inc's revenue has declined by 11.8%, moving from $198K to $174K. Total assets increased by 40.6% over the same period, from $137K to $192K. Total functional expenses fell by 9.5%, from $159K to $144K. In its most recent filing year (2023), Watertown Fire Department Inc reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $144K | $192K | $0 | — | View 990 |
| 2022 | $131K | $136K | $164K | $0 | — | View 990 |
| 2021 | $166K | $165K | $175K | $0 | — | View 990 |
| 2020 | $120K | $104K | $153K | $0 | — | — |
| 2019 | $126K | $131K | $126K | $0 | — | View 990 |
| 2018 | $152K | $132K | $119K | $0 | — | View 990 |
| 2017 | $139K | $136K | $100K | $0 | — | View 990 |
| 2016 | $152K | $148K | $96K | $0 | — | View 990 |
| 2015 | $114K | $124K | $91K | $0 | — | View 990 |
| 2014 | $114K | $135K | $101K | $0 | — | View 990 |
| 2013 | $125K | $147K | $122K | $0 | — | View 990 |
| 2012 | $134K | $128K | $143K | $0 | — | View 990 |
| 2011 | $198K | $159K | $137K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $144K, and assets of $192K (revenue +33.3% year-over-year).
- 2022: Revenue of $131K, expenses of $136K, and assets of $164K (revenue -21.2% year-over-year).
- 2021: Revenue of $166K, expenses of $165K, and assets of $175K (revenue +38.0% year-over-year).
- 2020: Revenue of $120K, expenses of $104K, and assets of $153K (revenue -4.7% year-over-year).
- 2019: Revenue of $126K, expenses of $131K, and assets of $126K (revenue -16.8% year-over-year).
- 2018: Revenue of $152K, expenses of $132K, and assets of $119K (revenue +8.9% year-over-year).
- 2017: Revenue of $139K, expenses of $136K, and assets of $100K (revenue -8.5% year-over-year).
- 2016: Revenue of $152K, expenses of $148K, and assets of $96K (revenue +33.3% year-over-year).
- 2015: Revenue of $114K, expenses of $124K, and assets of $91K (revenue +0.4% year-over-year).
- 2014: Revenue of $114K, expenses of $135K, and assets of $101K (revenue -9.2% year-over-year).
- 2013: Revenue of $125K, expenses of $147K, and assets of $122K (revenue -6.3% year-over-year).
- 2012: Revenue of $134K, expenses of $128K, and assets of $143K (revenue -32.3% year-over-year).
- 2011: Revenue of $198K, expenses of $159K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watertown Fire Department Inc:
Data Sources and Methodology
This transparency report for Watertown Fire Department 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.