Cove Care Services Inc

Analysis

Cove Care Services Inc is a registered charity in United States, based in Fayetteville, GA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Cove Care Services Inc reported income of $1.1m and spending of $755k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $844k to $1.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cove Care Services Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Friends Of@kijabe ($1.1m), THNM Inc ($1.1m) and Shared Care Services Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $48k (6.4% of expenses). Other salaries and wages came to $279k. At year end it held assets of $1.9m against liabilities of $18k, net assets of $1.9m. It reported 17 employees.