Covesville Child Development Center

Analysis

Covesville Child Development Center is a registered charity in United States, based in Covesville, VA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Covesville Child Development Center reported income of $165k and spending of $233k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $165k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covesville Child Development Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Policyworks Inc ($165k), Nextgenface Inc ($165k) and Purple Songs Can Fly ($165k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $116k. At year end it held assets of $28k against liabilities of $4,729, net assets of $23k. It reported 6 employees.