Cove Communities Senior Association

Analysis

Cove Communities Senior Association is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in August 1981, 45 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 June 2024, Cove Communities Senior Association reported income of $1.8m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.8m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cove Communities Senior Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Actions Incorporated of Brazoria County ($1.8m), Council of Senior Citizens of Gilmer County Inc ($1.8m) and Williamsburg Community Child Care Center ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $120k (8.1% of expenses). Other salaries and wages came to $701k. At year end it held assets of $2.9m against liabilities of $91k, net assets of $2.8m. It reported 25 employees.