Covington Outreach Association Inc

Analysis

Covington Outreach Association Inc is a registered charity in United States, based in Covington, OH. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Covington Outreach Association Inc reported income of $83k and spending of $106k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $83k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covington Outreach Association Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Fayette Ministorial Alliance ($83k), Cicero-Berwyn-Stickney Food Pantry ($83k) and Community Support Center Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.