Covington Independent Volunteer Fire Co
Covington Independent Volunteer Fire Co: Strong Financial Health, but Transparency Lacking on Program Details
EIN: 222963543 · Covington Twp, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $999K |
| Total Expenses | $713K |
| Program Spending | 75% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Covington Independent Volunteer Fire Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covington Independent Volunteer Fire Co directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covington Independent Volunteer Fire Co
Covington Independent Volunteer Fire Co (EIN: 222963543) is a nonprofit organization based in Covington Twp, PA. The organization reported total revenue of $999K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covington Independent Volunteer Fire Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covington Independent Volunteer Fire Co is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $996K |
| Total Expenses | $713K |
| Surplus / Deficit | +$283K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 28.4% |
| Months of Reserves | 20.0 months |
Financial Health Grade: A
In 2023, Covington Independent Volunteer Fire Co reported a surplus of $283K with revenue exceeding expenses, holds 20.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Covington Independent Volunteer Fire Co's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.9% | +32.1% | +31.2% |
| 2022 | +24.5% | -3.8% | +1.7% |
| 2021 | +103.2% | +69.2% | -5.2% |
| 2020 | -5.8% | +82.7% | -9.2% |
| 2019 | +26.9% | -12.6% | +38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covington Independent Volunteer Fire Co with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Covington Independent Volunteer Fire Co allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $283K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, preventing an assessment of its reasonableness.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Covington Independent Volunteer Fire Co's IRS 990 filings:
- Lack of detailed program spending breakdown in available filings.
- Absence of information regarding executive compensation.
- No clear indication of specific community impact metrics or service delivery details.
Strengths
The following positive indicators were identified for Covington Independent Volunteer Fire Co:
- Consistently strong revenue growth, with 2023 revenue at $995,718.
- Healthy asset base, reaching $1,187,773 in 2023.
- Low or no reported liabilities across multiple years, indicating financial stability.
- Consistent operational presence over many years, suggesting community trust and engagement.
Frequently Asked Questions about Covington Independent Volunteer Fire Co
Is Covington Independent Volunteer Fire Co a legitimate charity?
Covington Independent Volunteer Fire Co (EIN: 222963543) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $999K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Covington Independent Volunteer Fire Co spend its money?
Covington Independent Volunteer Fire Co directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Covington Independent Volunteer Fire Co tax-deductible?
Covington Independent Volunteer Fire Co is registered as a tax-exempt nonprofit (EIN: 222963543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Covington Independent Volunteer Fire Co's spending goes to programs?
Covington Independent Volunteer Fire Co directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Covington Independent Volunteer Fire Co located?
Covington Independent Volunteer Fire Co is headquartered in Covington Twp, Pennsylvania and files with the IRS under EIN 222963543.
How many years of IRS 990 filings does Covington Independent Volunteer Fire Co have?
Covington Independent Volunteer Fire Co has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $999K in total revenue.
What does Covington Independent Volunteer Fire Co do?
Covington Independent Volunteer Fire Co is a nonprofit organization in the Unknown sector, located in Covington Twp, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Covington Independent Volunteer Fire Co have?
Covington Independent Volunteer Fire Co reported total revenue of $999,221. Based on 13 IRS 990 filings on record.
What are Covington Independent Volunteer Fire Co's total assets?
Covington Independent Volunteer Fire Co holds total assets of $1,647,596 as reported in IRS 990 filings.
Where is Covington Independent Volunteer Fire Co located?
Covington Independent Volunteer Fire Co is based in Covington Twp, Pennsylvania.
What is Covington Independent Volunteer Fire Co's EIN?
Covington Independent Volunteer Fire Co's Employer Identification Number (EIN) is 222963543. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Covington Independent Volunteer Fire Co?
Covington Independent Volunteer Fire Co is classified under NTEE code Unknown (Unknown).
Is Covington Independent Volunteer Fire Co a registered 501(c)(3)?
Covington Independent Volunteer Fire Co appears in IRS records (EIN: 222963543). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Covington Independent Volunteer Fire Co file IRS Form 990?
Yes, Covington Independent Volunteer Fire Co has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Covington Independent Volunteer Fire Co's revenue in 2023?
In the 202312 filing period, Covington Independent Volunteer Fire Co reported total revenue of $995,718, total expenses of $713,155, and net assets of $1,187,773.
Is Covington Independent Volunteer Fire Co's revenue growing or declining?
Covington Independent Volunteer Fire Co's revenue is growing. Revenue went from $677,635 (202212) to $995,718 (202312), a +46.9% change. Based on 13 filings on record.
What is Covington Independent Volunteer Fire Co's most recent 990 filing?
The most recent IRS Form 990 filing for Covington Independent Volunteer Fire Co covers tax period 202312. It shows revenue of $995,718, expenses of $713,155, total assets of $1,187,773, and liabilities of N/A.
How much does Covington Independent Volunteer Fire Co spend on programs vs administration?
Based on IRS 990 analysis, Covington Independent Volunteer Fire Co allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Covington Independent Volunteer Fire Co a trustworthy charity?
Based on AI analysis of IRS 990 data, Covington Independent Volunteer Fire Co appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Covington Independent Volunteer Fire Co?
The following concerns were identified: Lack of detailed program spending breakdown in available filings.. Absence of information regarding executive compensation.. No clear indication of specific community impact metrics or service delivery details.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Covington Independent Volunteer Fire Co's strengths?
Positive indicators for Covington Independent Volunteer Fire Co include: Consistently strong revenue growth, with 2023 revenue at $995,718.. Healthy asset base, reaching $1,187,773 in 2023.. Low or no reported liabilities across multiple years, indicating financial stability.. Consistent operational presence over many years, suggesting community trust and engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Covington Independent Volunteer Fire Co compensate executives?
Executive compensation information is not disclosed in the provided data, preventing an assessment of its reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant revenue and asset growth, what specific programs or initiatives have been expanded or introduced to justify this financial expansion?
Without detailed program expenditure breakdowns, it's challenging to pinpoint specific program expansions. The general expenses reported, such as $713,155 in 2023, likely cover operational costs for fire and emergency services, but specific program names or impacts are not itemized.
How does the organization ensure its volunteer base remains robust and adequately trained, especially with the increasing financial resources?
The provided financial data does not offer insights into volunteer recruitment, retention, or training programs. While increased resources could support better training facilities or equipment, the filings do not detail these specific allocations or their impact on the volunteer force.
Filing History
IRS 990 filing history for Covington Independent Volunteer Fire Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covington Independent Volunteer Fire Co's revenue has grown by 179.6%, moving from $356K to $996K. Total assets increased by 47.4% over the same period, from $806K to $1.2M. Total functional expenses rose by 152.1%, from $283K to $713K. In its most recent filing year (2023), Covington Independent Volunteer Fire Co reported a surplus of $283K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $996K | $713K | $1.2M | $0 | — | — |
| 2022 | $678K | $540K | $905K | $0 | — | View 990 |
| 2021 | $544K | $561K | $890K | $123K | — | View 990 |
| 2020 | $268K | $331K | $939K | $155K | — | View 990 |
| 2019 | $284K | $181K | $1.0M | $187K | — | View 990 |
| 2018 | $224K | $208K | $745K | $0 | — | View 990 |
| 2017 | $243K | $215K | $729K | $0 | — | View 990 |
| 2016 | $225K | $232K | $744K | $42K | — | View 990 |
| 2015 | $201K | $309K | $772K | $63K | — | View 990 |
| 2014 | $310K | $276K | $896K | $81K | — | View 990 |
| 2013 | $327K | $237K | $880K | $99K | — | View 990 |
| 2012 | $369K | $272K | $806K | $115K | — | View 990 |
| 2011 | $356K | $283K | $806K | $212K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $996K, expenses of $713K, and assets of $1.2M (revenue +46.9% year-over-year).
- 2022: Revenue of $678K, expenses of $540K, and assets of $905K (revenue +24.5% year-over-year).
- 2021: Revenue of $544K, expenses of $561K, and assets of $890K (revenue +103.2% year-over-year).
- 2020: Revenue of $268K, expenses of $331K, and assets of $939K (revenue -5.8% year-over-year).
- 2019: Revenue of $284K, expenses of $181K, and assets of $1.0M (revenue +26.9% year-over-year).
- 2018: Revenue of $224K, expenses of $208K, and assets of $745K (revenue -7.7% year-over-year).
- 2017: Revenue of $243K, expenses of $215K, and assets of $729K (revenue +7.8% year-over-year).
- 2016: Revenue of $225K, expenses of $232K, and assets of $744K (revenue +11.8% year-over-year).
- 2015: Revenue of $201K, expenses of $309K, and assets of $772K (revenue -35.1% year-over-year).
- 2014: Revenue of $310K, expenses of $276K, and assets of $896K (revenue -5.0% year-over-year).
- 2013: Revenue of $327K, expenses of $237K, and assets of $880K (revenue -11.4% year-over-year).
- 2012: Revenue of $369K, expenses of $272K, and assets of $806K (revenue +3.5% year-over-year).
- 2011: Revenue of $356K, expenses of $283K, and assets of $806K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covington Independent Volunteer Fire Co:
Data Sources and Methodology
This transparency report for Covington Independent Volunteer Fire Co 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.