Covina Development Center

Analysis

Covina Development Center is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Covina Development Center reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covina Development Center sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($1.7m), Courage Schools Inc ($1.7m) and Collegiate School ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $906k. At year end it held assets of $1.1m against liabilities of $434k, net assets of $701k. It reported 31 employees.