Spirit Cove Inc

Analysis

Spirit Cove Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, Spirit Cove Inc reported income of $1.0m and spending of $62k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $1.0m (+1712%), an average of +1712% a year. The sharpest change came in the year to December 2023, when income rose by 1712%. Over the whole period it spent 9.7% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Spirit Cove 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 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Grammy Rose Dog Rescue and Sanctuary Inc ($1.0m), Town and Country Humane Society ($1.0m) and Havanese Rescue Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. At year end it held assets of $1.0m against liabilities of $36k, net assets of $977k.