Covenant of Love Uul Corp

Analysis

Covenant of Love Uul Corp is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Covenant of Love Uul Corp reported income of $588k and spending of $659k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $392k to $588k (+50%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 127% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Covenant of Love Uul Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Casa-Voices for Children ($588k), Casa of St Landry-Evangeline Inc ($588k) and 1st Step Male Divrsion Program Inc ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (8.2% of expenses). Other salaries and wages came to $220k. At year end it held assets of $453k against liabilities of $450k, net assets of $2,691. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.