Covered South Florida Inc

Analysis

Covered South Florida Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Covered South Florida Inc reported income of $94k and spending of $128k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $94k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covered South Florida Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include St Cecelia Catholic Church Foundation ($94k), Shasta Wildlife Rescue & Rehabilitation Center ($94k) and South Modesto Businesses United Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.