Cove Creek Volunteer Fire Department Inc

Analysis

Cove Creek Volunteer Fire Department Inc is a registered charity in United States, based in Vilas, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cove Creek Volunteer Fire Department Inc reported income of $734k and spending of $378k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $734k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 67% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Cove Creek Volunteer Fire Department Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include California Walks ($734k), The Woodstock Volunteer Fire Association Incorporated ($736k) and Neighbors 4 Neighbors ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $13k. At year end it held assets of $2.3m against liabilities of $476, net assets of $2.3m. It reported 1 employees.