Rachel Covey Foundation

Analysis

Rachel Covey Foundation is a registered charity in United States, based in Alpine, UT. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover health care, 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, Rachel Covey Foundation reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 507%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rachel Covey Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include Vermont Committee for AIDS Resources Education & Services ($1.4m), Foundation for Rhodes Homes Inc ($1.4m) and American Clinical Neurophysiology Society Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $120k (9.4% of expenses). Other salaries and wages came to $414k. It paid $120k in professional fundraising fees. At year end it held assets of $9.2m against liabilities of $19k, net assets of $9.2m. It reported 52 employees.