Cover Home Repair Inc

Analysis

Cover Home Repair Inc is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in May 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 (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 2024, Cover Home Repair Inc reported income of $1.0m and spending of $951k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $832k to $1.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cover Home Repair Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Home Repair Resource Center ($1.0m), Senior Housing Inc ($1.0m) and Island Housing Trust ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $79k (8.3% of expenses). Other salaries and wages came to $418k. At year end it held assets of $1.5m against liabilities of $51k, net assets of $1.4m. It reported 23 employees.