Alcovy Casa Inc

Analysis

Alcovy Casa Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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 September 2023, Alcovy Casa Inc reported income of $337k and spending of $268k, leaving 20% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $233k to $337k (+45%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alcovy Casa Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include Virginia Association of Rehabilitation Facilities ($336k), San Ramon Valley Education Foundation ($337k) and University Glee Club of New York City ($336k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (22% of expenses). Other salaries and wages came to $114k. At year end it held assets of $200k against liabilities of $0, net assets of $200k. It reported 5 employees.