Cove Creek Ministries

Analysis

Cove Creek Ministries is a registered charity in United States, based in Wytheville, VA. It received its IRS tax-exemption ruling in May 2022, 4 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 Creek Ministries reported income of $300k and spending of $192k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $67k to $300k (+352%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cove Creek Ministries sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include New Life Movement ($300k), Fiesta Thrift Store Inc ($300k) and Nonnie Hood Parent Resource Center Inc ($300k).

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 $28k. At year end it held assets of $267k against liabilities of $4,007, net assets of $263k. It reported 5 employees.