Wendell Holmes Rural Fire Department
EIN: 561305728 · Wendell, NC
Is Wendell Holmes Rural Fire Department Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wendell Holmes Rural Fire Department
Wendell Holmes Rural Fire Department (EIN: 561305728) is a nonprofit organization based in Wendell, NC. The organization reported total revenue of $4.8M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wendell Holmes Rural Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wendell Holmes Rural Fire Department is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$317K |
| Total Assets | $1.8M |
| Total Liabilities | $284K |
| Net Assets | $1.5M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2024, Wendell Holmes Rural Fire Department reported a surplus of $317K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Wendell Holmes Rural Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.0% | +8.1% | +32.1% |
| 2023 | +33.9% | +32.6% | +6.8% |
| 2022 | +4.3% | +7.6% | -0.5% |
| 2021 | +28.9% | +22.2% | +6.1% |
| 2020 | +10.5% | +18.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wendell Holmes Rural Fire Department 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 Wendell Holmes Rural Fire Department 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $317K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Frequently Asked Questions about Wendell Holmes Rural Fire Department
Is Wendell Holmes Rural Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Wendell Holmes Rural Fire Department (EIN: 561305728) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wendell Holmes Rural Fire Department spend its money?
Detailed spending breakdown data is not yet available for Wendell Holmes Rural Fire Department. Check back for updated IRS 990 analysis.
Are donations to Wendell Holmes Rural Fire Department tax-deductible?
Wendell Holmes Rural Fire Department is registered as a tax-exempt nonprofit (EIN: 561305728). 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 Wendell Holmes Rural Fire Department showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Wendell Holmes Rural Fire Department's revenue has grown by 219.9%, moving from $1.4M to $4.5M. Total assets increased by 53.7% over the same period, from $1.2M to $1.8M. Total functional expenses rose by 158.1%, from $1.6M to $4.2M. In its most recent filing year (2024), Wendell Holmes Rural Fire Department reported a surplus of $317K, with revenue exceeding expenses. The organization holds $284K in liabilities against $1.8M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.5M | $4.2M | $1.8M | $284K | — | View 990 |
| 2023 | $3.9M | $3.9M | $1.4M | $246K | — | View 990 |
| 2022 | $2.9M | $2.9M | $1.3M | $164K | — | View 990 |
| 2021 | $2.8M | $2.7M | $1.3M | $146K | — | — |
| 2020 | $2.2M | $2.2M | $1.2M | $134K | — | View 990 |
| 2019 | $2.0M | $1.9M | $1.2M | $87K | — | View 990 |
| 2018 | $1.8M | $1.8M | $1.2M | $80K | — | — |
| 2017 | $1.8M | $1.6M | $1.2M | $80K | — | View 990 |
| 2016 | $1.7M | $1.5M | $1.1M | $142K | — | View 990 |
| 2015 | $1.5M | $1.5M | $869K | $211K | — | View 990 |
| 2014 | $1.6M | $1.6M | $883K | $272K | — | View 990 |
| 2013 | $1.5M | $1.6M | $977K | $365K | — | View 990 |
| 2012 | $1.4M | $1.6M | $1.2M | $482K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.5M, expenses of $4.2M, and assets of $1.8M (revenue +16.0% year-over-year).
- 2023: Revenue of $3.9M, expenses of $3.9M, and assets of $1.4M (revenue +33.9% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $1.3M (revenue +4.3% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $1.3M (revenue +28.9% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue +10.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $1.2M (revenue +9.3% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue +1.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $1.1M (revenue +12.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $869K (revenue -1.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $883K (revenue +2.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $977K (revenue +7.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wendell Holmes Rural Fire Department:
Data Sources and Methodology
This transparency report for Wendell Holmes Rural Fire Department 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.