Coville Bay Inc

Analysis

Coville Bay Inc is a registered charity in United States, based in Fort Covington, NY. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 December 2023, Coville Bay Inc reported income of $377k and spending of $326k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $377k (+11%), an average of +2.7% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coville Bay Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Homes for the Homeless ($377k), The Bleeding Disorder Foundation of Washington ($377k) and USA Swimming Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). Other salaries and wages came to $49k. At year end it held assets of $331k against liabilities of $1.0m, net assets of -$690k. It reported 5 employees.