Philip G Covone Evangelistic Association Incorporated

Analysis

Philip G Covone Evangelistic Association Incorporated is a registered charity in United States, based in Winder, GA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Philip G Covone Evangelistic Association Incorporated reported income of $142k and spending of $163k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $142k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Philip G Covone Evangelistic Association Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Harry Layden Ministries Inc ($142k), Face to Faith ($142k) and Hallettsville Sacred Heart Catholic Parish Endowment Fund ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $46k against liabilities of $154, net assets of $46k.