Covenant Foundation of Florida Inc

Analysis

Covenant Foundation of Florida Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Covenant Foundation of Florida Inc reported income of $100k and spending of $94k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $100k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Foundation of Florida Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Trueschool ($100k), Dragonwaters Institute Inc ($100k) and SSKC Educational Support Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.