Covington Partners Inc

Analysis

Covington Partners Inc is a registered charity in United States, based in Fort Wright, KY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Covington Partners Inc reported income of $763k and spending of $480k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $307k to $763k (+148%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 175%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covington Partners Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Communities Acting to Heighten Awareness and Learning Inc ($763k), MHC Academic Foundation ($763k) and Northgate Bronco Boosters Nonprofit Corporation ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $901k against liabilities of $185k, net assets of $716k.