Coventry-Payne Foundation Inc

Analysis

Coventry-Payne Foundation Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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-Payne Foundation Inc reported income of $133k and spending of $145k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $133k (-5.4%), an average of -5.4% a year. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coventry-Payne Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include International Principled Leadership Corp ($133k), Kingfish Medfield Booster Club Inc ($133k) and Book Fair ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 32% of the total. At year end it held assets of $40k against liabilities of $51k, net assets of -$12k.