Cottage Cove Co

Analysis

Cottage Cove Co is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cottage Cove Co reported income of $347k and spending of $349k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $347k (-69%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cottage Cove Co sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Inspire International ($347k), Catholic Mission Trips Inc ($347k) and Catholics Come Home Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $57k (16% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 9 employees.