Covantage Cares Foundation Inc

Analysis

Covantage Cares Foundation Inc is a registered charity in United States, based in Antigo, WI. It received its IRS tax-exemption ruling in March 2016, 10 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, Covantage Cares Foundation Inc reported income of $353k and spending of $597k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $481k to $353k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Covantage Cares Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Cu Kids at Heart Inc ($352k), Shalhevet Hatorah Inc ($353k) and Star and Crescent Foundation of Louisiana Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.