Whitakers Volunteer Fire Dept
EIN: 561688330 · Whitakers, NC · NTEE: M24Z
Is Whitakers Volunteer Fire Dept Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whitakers Volunteer Fire Dept
Whitakers Volunteer Fire Dept (EIN: 561688330) is a nonprofit organization based in Whitakers, NC, classified under NTEE code M24Z. The organization reported total revenue of $575K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitakers Volunteer Fire Dept's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitakers Volunteer Fire Dept is a small nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $295K |
| Surplus / Deficit | +$18K |
| Total Assets | $1.0M |
| Total Liabilities | $80K |
| Net Assets | $951K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 41.9 months |
Financial Health Grade: A
In 2022, Whitakers Volunteer Fire Dept reported a surplus of $18K with revenue exceeding expenses, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2022), Whitakers Volunteer Fire Dept's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -0.1% | +15.0% | -6.1% |
| 2021 | +0.2% | -12.4% | +0.6% |
| 2020 | -9.1% | +12.1% | +15.6% |
| 2018 | +33.7% | +15.1% | +5.8% |
| 2017 | +1.8% | -12.2% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whitakers Volunteer Fire Dept 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 Whitakers Volunteer Fire Dept 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 $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.8%.
Frequently Asked Questions about Whitakers Volunteer Fire Dept
Is Whitakers Volunteer Fire Dept a legitimate charity?
Based on AI analysis of IRS 990 filings, Whitakers Volunteer Fire Dept (EIN: 561688330) insufficient data. 0 red flags identified, 0 strengths noted.
How does Whitakers Volunteer Fire Dept spend its money?
Detailed spending breakdown data is not yet available for Whitakers Volunteer Fire Dept. Check back for updated IRS 990 analysis.
Are donations to Whitakers Volunteer Fire Dept tax-deductible?
Whitakers Volunteer Fire Dept is registered as a tax-exempt nonprofit (EIN: 561688330). 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 Whitakers Volunteer Fire Dept showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Whitakers Volunteer Fire Dept's revenue has declined by 5.9%, moving from $332K to $313K. Total assets increased by 51.8% over the same period, from $679K to $1.0M. Total functional expenses rose by 25.5%, from $235K to $295K. In its most recent filing year (2022), Whitakers Volunteer Fire Dept reported a surplus of $18K, with revenue exceeding expenses. The organization holds $80K in liabilities against $1.0M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $951K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $313K | $295K | $1.0M | $80K | — | View 990 |
| 2021 | $313K | $257K | $1.1M | $165K | — | — |
| 2020 | $312K | $293K | $1.1M | $215K | — | View 990 |
| 2018 | $344K | $261K | $944K | $125K | — | View 990 |
| 2017 | $257K | $227K | $892K | $156K | — | View 990 |
| 2016 | $253K | $259K | $890K | $183K | — | View 990 |
| 2015 | $263K | $279K | $925K | $211K | — | View 990 |
| 2014 | $270K | $283K | $961K | $232K | — | View 990 |
| 2013 | $275K | $254K | $999K | $257K | — | View 990 |
| 2012 | $315K | $239K | $1.0M | $284K | — | View 990 |
| 2011 | $332K | $235K | $679K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $313K, expenses of $295K, and assets of $1.0M (revenue -0.1% year-over-year).
- 2021: Revenue of $313K, expenses of $257K, and assets of $1.1M (revenue +0.2% year-over-year).
- 2020: Revenue of $312K, expenses of $293K, and assets of $1.1M (revenue -9.1% year-over-year).
- 2018: Revenue of $344K, expenses of $261K, and assets of $944K (revenue +33.7% year-over-year).
- 2017: Revenue of $257K, expenses of $227K, and assets of $892K (revenue +1.8% year-over-year).
- 2016: Revenue of $253K, expenses of $259K, and assets of $890K (revenue -4.0% year-over-year).
- 2015: Revenue of $263K, expenses of $279K, and assets of $925K (revenue -2.5% year-over-year).
- 2014: Revenue of $270K, expenses of $283K, and assets of $961K (revenue -1.9% year-over-year).
- 2013: Revenue of $275K, expenses of $254K, and assets of $999K (revenue -12.8% year-over-year).
- 2012: Revenue of $315K, expenses of $239K, and assets of $1.0M (revenue -5.1% year-over-year).
- 2011: Revenue of $332K, expenses of $235K, and assets of $679K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whitakers Volunteer Fire Dept:
Data Sources and Methodology
This transparency report for Whitakers Volunteer Fire Dept 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.