Coves at River Garden Inc

Analysis

Coves at River Garden Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2014, 12 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 2022, Coves at River Garden Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.2m to $3.6m (+11%), an average of +3.5% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coves at River Garden Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Affordable Housing Education and Development Inc ($3.6m), South Park Inn Inc ($3.6m) and Esperanza Charities Inc ($3.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Other salaries and wages came to $876k. At year end it held assets of $1.4m against liabilities of $522k, net assets of $841k. It reported 71 employees.