Cove Ltd
EIN: 473665343 · Shipshewana, IN · NTEE: O20
| Metric | Value |
|---|---|
| Total Revenue | $959K |
| Total Expenses | $476K |
| Net Assets | $1.7M |
Is Cove Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cove Ltd
Cove Ltd (EIN: 473665343) is a nonprofit organization based in Shipshewana, IN, classified under NTEE code O20. The organization reported total revenue of $959K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cove Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cove Ltd is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $606K |
| Total Expenses | $476K |
| Surplus / Deficit | +$130K |
| Total Assets | $2.0M |
| Total Liabilities | $296K |
| Net Assets | $1.7M |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 50.8 months |
Financial Health Grade: A
In 2023, Cove Ltd reported a surplus of $130K with revenue exceeding expenses, holds 50.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Cove Ltd's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | +10.1% | +10.7% |
| 2022 | -7.5% | +23.2% | +10.9% |
| 2021 | +113.1% | +25.0% | +4.7% |
| 2020 | -26.3% | +30.3% | +-0.0% |
| 2019 | +85.6% | +22.1% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cove Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cove Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $130K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.7%.
Frequently Asked Questions about Cove Ltd
Is Cove Ltd a legitimate charity?
Cove Ltd (EIN: 473665343) is a registered tax-exempt nonprofit based in Indiana. It has 9 years of IRS 990 filings on record. Total revenue: $959K. No red flags identified. Financial health grade: A.
How does Cove Ltd spend its money?
Cove Ltd reported $959K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cove Ltd tax-deductible?
Cove Ltd is registered as a tax-exempt nonprofit (EIN: 473665343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cove Ltd located?
Cove Ltd is headquartered in Shipshewana, Indiana and files with the IRS under EIN 473665343. It is classified under NTEE code O20.
How many years of IRS 990 filings does Cove Ltd have?
Cove Ltd has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $959K in total revenue.
Filing History
IRS 990 filing history for Cove Ltd showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Cove Ltd's revenue has declined by 35.3%, moving from $937K to $606K. Total assets increased by 98.9% over the same period, from $1.0M to $2.0M. Total functional expenses rose by 665.1%, from $62K to $476K. In its most recent filing year (2023), Cove Ltd reported a surplus of $130K, with revenue exceeding expenses. The organization holds $296K in liabilities against $2.0M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $606K | $476K | $2.0M | $296K | — | — |
| 2022 | $529K | $433K | $1.8M | $232K | — | View 990 |
| 2021 | $572K | $351K | $1.6M | $150K | — | View 990 |
| 2020 | $268K | $281K | $1.6M | $297K | — | — |
| 2019 | $364K | $216K | $1.6M | $285K | — | View 990 |
| 2018 | $196K | $177K | $1.4M | $218K | — | View 990 |
| 2017 | $118K | $128K | $1.1M | $0 | — | View 990 |
| 2016 | $369K | $116K | $1.1M | $1K | — | View 990 |
| 2015 | $937K | $62K | $1.0M | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $606K, expenses of $476K, and assets of $2.0M (revenue +14.6% year-over-year).
- 2022: Revenue of $529K, expenses of $433K, and assets of $1.8M (revenue -7.5% year-over-year).
- 2021: Revenue of $572K, expenses of $351K, and assets of $1.6M (revenue +113.1% year-over-year).
- 2020: Revenue of $268K, expenses of $281K, and assets of $1.6M (revenue -26.3% year-over-year).
- 2019: Revenue of $364K, expenses of $216K, and assets of $1.6M (revenue +85.6% year-over-year).
- 2018: Revenue of $196K, expenses of $177K, and assets of $1.4M (revenue +66.3% year-over-year).
- 2017: Revenue of $118K, expenses of $128K, and assets of $1.1M (revenue -68.0% year-over-year).
- 2016: Revenue of $369K, expenses of $116K, and assets of $1.1M (revenue -60.6% year-over-year).
- 2015: Revenue of $937K, expenses of $62K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cove Ltd:
Data Sources and Methodology
This transparency report for Cove Ltd is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.