Coventry Town Foundation Inc

Analysis

Coventry Town Foundation Inc is a registered charity in United States, based in Coventry, VT. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2024, Coventry Town Foundation Inc reported income of $556k and spending of $105k, leaving 81% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $217k to $556k (+157%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 567%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coventry Town Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include The Lexington Cancer Foundation Inc ($556k), Lake Shore Fire Department ($556k) and Foundation for Marshall Medicalcenters Inc ($555k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.