Fondren Covered

Analysis

Fondren Covered is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fondren Covered reported income of $103k and spending of $97k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $103k (+6.6%), an average of +6.6% a year. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fondren Covered sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MS. Charities of a similar size with the same main cause include We Power Food Inc ($103k), Freeport Little League Inc ($103k) and Norma Mae Huggins Cancer Endowment ($103k).

At year end it held assets of $18k against liabilities of $0, net assets of $18k.