Covista Foundation

Analysis

Covista Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Covista Foundation reported income of $699k and spending of $632k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $997k to $699k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covista Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Mequon Jewish Preschool Inc ($699k), Childrens Harbor Montessori School ($699k) and Dynamo and Dash Charities Inc ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $156k (25% of expenses). Other salaries and wages came to $2,156. At year end it held assets of $2.1m against liabilities of $86k, net assets of $2.0m.