Cover 3 Football Inc

Analysis

Cover 3 Football Inc is a registered charity in United States, based in Franklin, VA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Cover 3 Football Inc reported income of $782k and spending of $935k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $892k to $782k (-12%), an average of -4.3% a year. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cover 3 Football Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include USA Endurance Events of S D ($781k), Heart & Hand Ministries ($782k) and Champions of Change ($780k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. At year end it held assets of $90k against liabilities of $390k, net assets of -$301k.