Wisconsin Cove Inc

Analysis

Wisconsin Cove Inc is a registered charity in United States, based in Vicksburg, MS. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Wisconsin Cove Inc reported income of $234k and spending of $207k, spending 89% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $142k to $234k (+65%), an average of +13% a year. The sharpest change came in the year to September 2024, when income rose by 72%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wisconsin Cove Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include Sun Chdo ($234k), Reno Supportive Housing Inc ($234k) and Corpus Christi Supportive Housing Inc ($234k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 64% of the total. Other salaries and wages came to $6,300. At year end it held assets of $1.6m against liabilities of $38k, net assets of $1.5m.