Covington Rotary Foundation

Analysis

Covington Rotary Foundation is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Covington Rotary Foundation reported income of $75k and spending of $34k, leaving 55% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $107k to $75k (-30%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covington Rotary Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Community Hope Fund Inc ($75k), Aac Adoption & Family Network Inc ($75k) and Magicians Without Borders ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $158k against liabilities of $28k, net assets of $130k.