Covington Volunteer Fire Department

Analysis

Covington Volunteer Fire Department is a registered charity in United States, based in Covington, TX. It received its IRS tax-exemption ruling in April 2004, 22 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 September 2023, Covington Volunteer Fire Department reported income of $133k and spending of $143k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income grew from $42k to $133k (+217%), an average of +34% a year. The sharpest change came in the year to September 2021, when income rose by 1677%. Over the whole period it spent 73% 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, Covington Volunteer Fire Department sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Springettsbury Township Volunteer Fire Company ($133k), Seven Cray Street Realty Corporation ($133k) and Holiday Lake Estates Volunteer Fire Department ($132k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $435k against liabilities of $15k, net assets of $420k.