Center for Great Neighborhoods of Covington Inc

Analysis

Center for Great Neighborhoods of Covington Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Center for Great Neighborhoods of Covington Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-3.8%), an average of -1.0% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center for Great Neighborhoods of Covington Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Samf Fund ($1.1m), North Hills Affordable Housing Inc ($1.1m) and United Ways of Vermont ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 8.8% of the total. Other salaries and wages came to $429k. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m.