Covington Community Chest

Analysis

Covington Community Chest is a registered charity in United States, based in Covington, OH. It received its IRS tax-exemption ruling in July 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Covington Community Chest reported income of $125k and spending of $161k, spending 129% of what it took in. Across the 2 years on record, from September 2023 to September 2024, income fell from $127k to $125k (-1.4%), an average of -1.4% a year. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Covington Community Chest sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Father McCartan Memorial School Foundation ($125k), San Diego County Employees Charitable Organization ($125k) and Rockford Area Community Endowment ($125k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $194k against liabilities of $57k, net assets of $136k.