Coventry Reserve

Analysis

Coventry Reserve is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Coventry Reserve reported income of $1.1m and spending of $639k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $1.1m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coventry Reserve sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Ceiba Inc ($1.1m), NDC Entrepreneur Training Center ($1.1m) and Vocational Advancement Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $63k (9.9% of expenses). Other salaries and wages came to $300k. At year end it held assets of $2.6m against liabilities of $473k, net assets of $2.2m. It reported 19 employees.