Covington Rotary Foundation
Covington Rotary Foundation shows consistent revenue, asset growth, and zero executive compensation over the past decade.
EIN: 203357413 · Covington, LA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $34K |
| Program Spending | 90% |
| Net Assets | $130K |
| Transparency Score | 92/100 |
Is Covington Rotary Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covington Rotary Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covington Rotary Foundation
Covington Rotary Foundation (EIN: 203357413) is a nonprofit organization based in Covington, LA, classified under NTEE code P80. The organization reported total revenue of $77K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covington Rotary Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covington Rotary Foundation is a micro nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $34K |
| Surplus / Deficit | +$41K |
| Total Assets | $158K |
| Total Liabilities | $28K |
| Net Assets | $130K |
| Operating Margin | 54.6% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 55.9 months |
Financial Health Grade: A
In 2023, Covington Rotary Foundation reported a surplus of $41K with revenue exceeding expenses, holds 55.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Covington Rotary Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.0% | -66.5% | +50.2% |
| 2022 | +66.2% | +59.2% | -2.2% |
| 2021 | -5.9% | +27.7% | -7.9% |
| 2020 | -43.9% | -50.8% | +9.2% |
| 2019 | -0.6% | +47.6% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covington Rotary Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Covington Rotary Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 14 filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Covington Rotary Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Significant asset growth from $50,277 in 2014 to $158,130 in 2023.
- Healthy surplus in the latest fiscal period (202312), with revenue of $74,802 exceeding expenses of $33,947.
- Long and consistent IRS 990 filing history (14 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Covington Rotary Foundation
Is Covington Rotary Foundation a legitimate charity?
Covington Rotary Foundation (EIN: 203357413) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Covington Rotary Foundation spend its money?
Covington Rotary Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Covington Rotary Foundation tax-deductible?
Covington Rotary Foundation is registered as a tax-exempt nonprofit (EIN: 203357413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Covington Rotary Foundation's spending goes to programs?
Covington Rotary Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Covington Rotary Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Covington Rotary Foundation is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covington Rotary Foundation located?
Covington Rotary Foundation is headquartered in Covington, Louisiana and files with the IRS under EIN 203357413. It is classified under NTEE code P80.
How many years of IRS 990 filings does Covington Rotary Foundation have?
Covington Rotary Foundation has 14 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 $77K in total revenue.
Is Covington Rotary Foundation a good charity?
Based on the available financial data, Covington Rotary Foundation appears to be a good charity. It consistently reports 0% officer compensation, demonstrates asset growth, and in its latest filing, expenses were significantly lower than revenue, suggesting efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $50,277 in 2014 to $158,130 in 2023. While revenue and expenses fluctuate, the overall trend shows stability and growth in net assets.
What is the trend in liabilities?
Liabilities have increased in recent years, from $0 in 2018 to $28,155 in 2023. While this warrants attention, it is not immediately concerning given the substantial growth in assets over the same period.
Filing History
IRS 990 filing history for Covington Rotary Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Covington Rotary Foundation's revenue has grown by 57.3%, moving from $48K to $75K. Total assets increased by 199.2% over the same period, from $53K to $158K. Total functional expenses fell by 26.5%, from $46K to $34K. In its most recent filing year (2023), Covington Rotary Foundation reported a surplus of $41K, with revenue exceeding expenses. The organization holds $28K in liabilities against $158K in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $34K | $158K | $28K | — | — |
| 2022 | $94K | $101K | $105K | $16K | — | — |
| 2021 | $56K | $64K | $108K | $11K | — | — |
| 2020 | $60K | $50K | $117K | $11K | — | — |
| 2019 | $107K | $101K | $107K | $11K | — | View 990 |
| 2018 | $107K | $69K | $91K | $0 | — | View 990 |
| 2017 | $59K | $126K | $53K | $0 | — | View 990 |
| 2016 | $113K | $47K | $121K | $0 | — | View 990 |
| 2015 | $72K | $71K | $51K | $0 | — | View 990 |
| 2014 | $67K | $70K | $50K | $0 | — | View 990 |
| 2013 | $47K | $76K | $54K | $0 | — | View 990 |
| 2012 | $67K | $45K | $83K | $0 | — | View 990 |
| 2011 | $41K | $33K | $61K | $0 | — | View 990 |
| 2010 | $48K | $46K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $34K, and assets of $158K (revenue -20.0% year-over-year).
- 2022: Revenue of $94K, expenses of $101K, and assets of $105K (revenue +66.2% year-over-year).
- 2021: Revenue of $56K, expenses of $64K, and assets of $108K (revenue -5.9% year-over-year).
- 2020: Revenue of $60K, expenses of $50K, and assets of $117K (revenue -43.9% year-over-year).
- 2019: Revenue of $107K, expenses of $101K, and assets of $107K (revenue -0.6% year-over-year).
- 2018: Revenue of $107K, expenses of $69K, and assets of $91K (revenue +83.4% year-over-year).
- 2017: Revenue of $59K, expenses of $126K, and assets of $53K (revenue -48.3% year-over-year).
- 2016: Revenue of $113K, expenses of $47K, and assets of $121K (revenue +56.9% year-over-year).
- 2015: Revenue of $72K, expenses of $71K, and assets of $51K (revenue +8.3% year-over-year).
- 2014: Revenue of $67K, expenses of $70K, and assets of $50K (revenue +42.9% year-over-year).
- 2013: Revenue of $47K, expenses of $76K, and assets of $54K (revenue -30.3% year-over-year).
- 2012: Revenue of $67K, expenses of $45K, and assets of $83K (revenue +62.5% year-over-year).
- 2011: Revenue of $41K, expenses of $33K, and assets of $61K (revenue -13.4% year-over-year).
- 2010: Revenue of $48K, expenses of $46K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covington Rotary Foundation:
Data Sources and Methodology
This transparency report for Covington Rotary Foundation 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.