Covering Kids & Families of Indiana Inc

Analysis

Covering Kids & Families of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Covering Kids & Families of Indiana Inc reported income of $4.2m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $4.2m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covering Kids & Families of Indiana 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 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Sisu Youth Inc ($4.2m), Southwestern Vermont Council on Aging Inc ($4.2m) and Moore Community House ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $277k (6.6% of expenses). Other salaries and wages came to $660k. At year end it held assets of $1.3m against liabilities of $531k, net assets of $725k. It reported 15 employees.