Covington Voa Elderly Housing Inc

Analysis

Covington Voa Elderly Housing Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Covington Voa Elderly Housing Inc reported income of $189k and spending of $285k, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $176k to $189k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covington Voa Elderly Housing Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Blanchester Friends Housing Inc ($189k), Sabin Group I ($189k) and Kansas Supportive Housing Inc ($189k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.1m against liabilities of $145k, net assets of $938k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.