Perpetual Covenant Foundation Inc

Analysis

Perpetual Covenant Foundation Inc is a registered charity in United States, based in Zephyrhills, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Perpetual Covenant Foundation Inc reported income of $96k and spending of $39k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $96k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perpetual Covenant Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Beautiful Backroads Century Inc ($96k), Titan Productions Incorporated ($96k) and Womens Council on Energy and the Environment ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $275k against liabilities of $23k, net assets of $252k.