Covington Scottish Rite Foundation Inc

Analysis

Covington Scottish Rite Foundation Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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, Covington Scottish Rite Foundation Inc reported income of $76k and spending of $71k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $82k to $76k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 55961%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covington Scottish Rite Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Family Promise of Anderson County Inc ($76k), Ellis County Hispanic Organization ($76k) and PTA Texas Congress ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.