Cova Agua

Analysis

Cova Agua is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Cova Agua reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $1.1m (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cova Agua sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include True Costs Initiative Inc ($1.1m), National Iranian American Council ($1.1m) and Friends of New Curators Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $149k (14% of expenses). At year end it held assets of $748k against liabilities of $196k, net assets of $552k. It reported 3 employees.