Kovago Developmental Foundation Inc

Analysis

Kovago Developmental Foundation Inc is a registered charity in United States, based in Ashland, MA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kovago Developmental Foundation Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $810k to $1.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kovago Developmental Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Century College Foundation ($1.3m), Silverwood School ($1.3m) and Elaine Clark Center for the Growth &devel Exceptional Children Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $133k (12% of expenses). Other salaries and wages came to $549k. At year end it held assets of $533k against liabilities of $97k, net assets of $436k. It reported 23 employees.