The Junior League of Greater Covington Inc

Analysis

The Junior League of Greater Covington Inc is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, The Junior League of Greater Covington Inc reported income of $114k and spending of $96k, spending 84% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $91k to $114k (+25%), an average of +12% a year. The sharpest change came in the year to May 2024, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Junior League of Greater Covington Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Silicon Valley Leadership ($114k), Junior League of Greater Fort Lauderdale Inc ($114k) and Center for Empowerment Initiatives ($114k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $651k against liabilities of $19k, net assets of $632k.