Cove Behavioral Health Inc

Analysis

Cove Behavioral Health Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Cove Behavioral Health Inc reported income of $21.1m and spending of $19.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $21.1m (+3.2%), an average of +0.8% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cove Behavioral Health Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Primary Care Providers for Healthy Feleciana ($21.1m), Columbia River Mental Health Services ($21.1m) and Vcu Health Childrens Services at Brook Road ($21.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $410k (2.1% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $24.7m against liabilities of $11.3m, net assets of $13.4m. It reported 324 employees.