Covey Inc

Analysis

Covey Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in December 1957, 69 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Covey Inc reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covey Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Seager Memorial Clinic ($1.7m), Madison County Council on Alcoholism and Substance Abuse Inc ($1.7m) and Winchester Hospital Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $196k (10% of expenses). Other salaries and wages came to $911k. At year end it held assets of $4.8m against liabilities of $1.1m, net assets of $3.7m. It reported 87 employees.