Welcome Fire Department Inc
EIN: 561160705 · Lexington, NC · NTEE: M24Z
About Welcome Fire Department Inc
Welcome Fire Department Inc (EIN: 561160705) is a nonprofit organization based in Lexington, NC, classified under NTEE code M24Z. The organization reported total revenue of $753K and total assets of $959K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcome Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Welcome Fire Department Inc 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 Welcome Fire Department Inc 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.
Filing History
IRS 990 filing history for Welcome Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welcome Fire Department Inc's revenue has grown by 51%, moving from $491K to $741K. Total assets decreased by 37.3% over the same period, from $1.6M to $987K. Total functional expenses rose by 36.1%, from $471K to $640K. In its most recent filing year (2023), Welcome Fire Department Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $622K in liabilities against $987K in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $365K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $741K | $640K | $987K | $622K | — | View 990 |
| 2022 | $663K | $547K | $914K | $650K | — | View 990 |
| 2021 | $623K | $600K | $827K | $678K | — | — |
| 2020 | $688K | $694K | $885K | $759K | — | View 990 |
| 2019 | $685K | $631K | $959K | $828K | — | View 990 |
| 2018 | $655K | $645K | $835K | $757K | — | View 990 |
| 2017 | $822K | $622K | $811K | $745K | — | View 990 |
| 2016 | $577K | $461K | $1.7M | $892K | — | View 990 |
| 2015 | $522K | $576K | $1.6M | $876K | — | View 990 |
| 2014 | $532K | $559K | $1.7M | $904K | — | View 990 |
| 2013 | $537K | $538K | $1.8M | $975K | — | View 990 |
| 2012 | $507K | $500K | $1.9M | $1.1M | — | View 990 |
| 2011 | $491K | $471K | $1.6M | $779K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $741K, expenses of $640K, and assets of $987K (revenue +11.9% year-over-year).
- 2022: Revenue of $663K, expenses of $547K, and assets of $914K (revenue +6.4% year-over-year).
- 2021: Revenue of $623K, expenses of $600K, and assets of $827K (revenue -9.5% year-over-year).
- 2020: Revenue of $688K, expenses of $694K, and assets of $885K (revenue +0.5% year-over-year).
- 2019: Revenue of $685K, expenses of $631K, and assets of $959K (revenue +4.5% year-over-year).
- 2018: Revenue of $655K, expenses of $645K, and assets of $835K (revenue -20.3% year-over-year).
- 2017: Revenue of $822K, expenses of $622K, and assets of $811K (revenue +42.3% year-over-year).
- 2016: Revenue of $577K, expenses of $461K, and assets of $1.7M (revenue +10.6% year-over-year).
- 2015: Revenue of $522K, expenses of $576K, and assets of $1.6M (revenue -1.8% year-over-year).
- 2014: Revenue of $532K, expenses of $559K, and assets of $1.7M (revenue -1.0% year-over-year).
- 2013: Revenue of $537K, expenses of $538K, and assets of $1.8M (revenue +6.0% year-over-year).
- 2012: Revenue of $507K, expenses of $500K, and assets of $1.9M (revenue +3.2% year-over-year).
- 2011: Revenue of $491K, expenses of $471K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Welcome 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.