Cove Creek Preservation and Development Inc

Analysis

Cove Creek Preservation and Development Inc is a registered charity in United States, based in Sugar Grove, NC. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Cove Creek Preservation and Development Inc reported income of $97k and spending of $98k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $84k to $97k (+15%), an average of +3.6% a year. The sharpest change came in the year to March 2021, when income rose by 31%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cove Creek Preservation and Development Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Winchester Rotary Charitable Fund Inc ($97k), Kiwanis Club of Griffin Foundation Inc ($97k) and River Valley Commons ($97k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.4% of the total. At year end it held assets of $726k against liabilities of $12k, net assets of $714k.