Cove Animal Rescue Corporation

Analysis

Cove Animal Rescue Corporation is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Cove Animal Rescue Corporation reported income of $479k and spending of $324k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $479k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Cove Animal Rescue Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Kodiakcare Corporation ($479k), Phoenix Animal Rescue ($479k) and Lovejoy Foundation Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $25k (7.7% of expenses). Other salaries and wages came to $197k. At year end it held assets of $155k against liabilities of $18k, net assets of $138k. It reported 11 employees.