United Church Residences of Covington Tennessee Inc

Analysis

United Church Residences of Covington Tennessee Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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, United Church Residences of Covington Tennessee Inc reported income of $533k and spending of $512k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $533k (+16%), an average of +3.9% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Church Residences of Covington Tennessee Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Virginia Library Association ($533k), Excelsior German Center at the Altenheim ($533k) and Food & Harmony ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Other salaries and wages came to $41k. At year end it held assets of $950k against liabilities of $2.3m, net assets of -$1.4m. It reported 2 employees.