Cove School Inc

Analysis

Cove School Inc is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in March 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cove School Inc reported income of $12.7m and spending of $11.0m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.3m to $12.7m (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cove School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include North Star Academy Foundation Inc ($12.7m), American Friends of University College Oxford Inc ($12.7m) and Nova Academy ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $691k (6.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $14.9m against liabilities of $3.0m, net assets of $11.9m. It reported 155 employees.