Covington Independent Volunteer Fire Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 356,078 | 282,941 | 73,137 | 25.2 | 0% |
| 2012 | 368,684 | 271,822 | 96,862 | 30.5 | 0% |
| 2013 | 326,782 | 236,820 | 89,962 | 39.6 | 0% |
| 2014 | 310,329 | 275,868 | 34,461 | 35.5 | 0% |
| 2015 | 201,254 | 308,708 | −107,454 | 27.5 | 0% |
| 2016 | 225,101 | 231,912 | −6,811 | 36.3 | 0% |
| 2017 | 242,594 | 215,378 | 27,216 | 40.6 | 0% |
| 2018 | 223,868 | 207,637 | 16,231 | 43.0 | 0% |
| 2019 | 284,194 | 181,386 | 102,808 | 56.1 | 0% |
| 2020 | 267,813 | 331,425 | −63,612 | 28.4 | 11% |
| 2021 | 544,218 | 560,820 | −16,602 | 16.4 | 21% |
| 2022 | 677,635 | 539,777 | 137,858 | 20.1 | 27% |
| 2023 | 995,718 | 713,155 | 282,563 | 20.0 | 0% |
In its most recent public year (2023), this organization brought in $282,563 more than it spent. Its reserves stood at about 20 months of spending, down from 25.2 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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