C-Hp Cove Inc

Analysis

C-Hp Cove Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1996, 30 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 2023, C-Hp Cove Inc reported income of $5.9m and spending of $5.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $5.9m (+19%), an average of +4.4% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, C-Hp Cove Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Neighborhood Coalition for Shelter Inc ($5.9m), Northwestern Housing Enterprises Incorporated ($5.9m) and Fuller Center for Housing Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $412k. At year end it held assets of $7.4m against liabilities of $38.7m, net assets of -$31.3m.