Cove City Fire Department Inc

Analysis

Cove City Fire Department Inc is a registered charity in United States, based in Cove City, NC. It received its IRS tax-exemption ruling in April 2022, 4 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 June 2024, Cove City Fire Department Inc reported income of $232k and spending of $146k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $317k to $232k (-27%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 40% 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 City Fire Department Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Lackawaxen Township Volunteer Fire Dept ($231k), Central Volunteer Fire Dept ($232k) and Harbin VFD ($231k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 53% of the total. At year end it held assets of $609k against liabilities of $128k, net assets of $480k.