Cove House Emergency Homeless Shelter Inc

Analysis

Cove House Emergency Homeless Shelter Inc is a registered charity in United States, based in Copperas Cove, TX. It received its IRS tax-exemption ruling in March 1996, 30 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, Cove House Emergency Homeless Shelter Inc reported income of $773k and spending of $227k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $773k (+328%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 269%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cove House Emergency Homeless Shelter Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Greater Lakes Region Charitable Fund for Children Inc ($773k), Ashby Village Inc ($773k) and Vip & Associates ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $110k. At year end it held assets of $733k against liabilities of $1,981, net assets of $731k. It reported 5 employees.