Coventry Place Incorporated

Analysis

Coventry Place Incorporated is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Coventry Place Incorporated reported income of $406k and spending of $471k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $406k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coventry Place Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Interfaith Response Inc ($405k), Grace Court Village ($406k) and Mason City RHF Housing Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.2m against liabilities of $271k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.