Wisconsin Cove Inc
Wisconsin Cove Inc. consistently operates at a deficit, drawing down assets despite recent revenue growth.
EIN: 204149756 · Vicksburg, MS · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $207K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $1.5M |
| Transparency Score | 70/100 |
Is Wisconsin Cove Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wisconsin Cove Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wisconsin Cove Inc
Wisconsin Cove Inc (EIN: 204149756) is a nonprofit organization based in Vicksburg, MS, classified under NTEE code L21. The organization reported total revenue of $177K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wisconsin Cove Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wisconsin Cove Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $207K |
| Surplus / Deficit | +$27K |
| Total Assets | $1.6M |
| Total Liabilities | $38K |
| Net Assets | $1.5M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 90.6 months |
Financial Health Grade: A
In 2024, Wisconsin Cove Inc reported a surplus of $27K with revenue exceeding expenses, holds 90.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Wisconsin Cove Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +72.0% | -4.2% | -3.1% |
| 2023 | +8.6% | +7.5% | -4.4% |
| 2022 | -9.0% | -0.1% | -4.3% |
| 2021 | -3.2% | +9.7% | -3.2% |
| 2020 | +7.7% | -1.4% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wisconsin Cove Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wisconsin Cove Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all 14 filings, indicating either a fully volunteer-led organization or that compensation falls below reporting thresholds, which is highly efficient for an organization of this size with revenues typically under $200,000.
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.
Red Flags
The following concerns were identified during AI analysis of Wisconsin Cove Inc's IRS 990 filings:
- Consistent operational deficits over multiple years (e.g., 202309: Revenue $136,001, Expenses $216,392)
- Declining asset base over the long term (from $2,126,526 in 201609 to $1,564,854 in 202409)
Strengths
The following positive indicators were identified for Wisconsin Cove Inc:
- Zero reported officer compensation, indicating highly efficient or volunteer-based leadership.
- Consistent IRS 990 filing history (14 filings), demonstrating commitment to transparency and compliance.
- Substantial asset base ($1,564,854 in 202409) provides a buffer despite operational deficits.
- Recent significant revenue increase in 202409 ($233,952) could signal a positive turnaround.
Frequently Asked Questions about Wisconsin Cove Inc
Is Wisconsin Cove Inc a legitimate charity?
Wisconsin Cove Inc (EIN: 204149756) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $177K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Wisconsin Cove Inc spend its money?
Wisconsin Cove Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wisconsin Cove Inc tax-deductible?
Wisconsin Cove Inc is registered as a tax-exempt nonprofit (EIN: 204149756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wisconsin Cove Inc CEO make?
Wisconsin Cove Inc's highest-compensated officer earns $200,000. annually. The organization reported $177K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wisconsin Cove Inc's spending goes to programs?
Wisconsin Cove Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wisconsin Cove Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Wisconsin Cove Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wisconsin Cove Inc located?
Wisconsin Cove Inc is headquartered in Vicksburg, Mississippi and files with the IRS under EIN 204149756. It is classified under NTEE code L21.
How many years of IRS 990 filings does Wisconsin Cove Inc have?
Wisconsin Cove Inc 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 $177K in total revenue.
Why has Wisconsin Cove Inc. consistently spent more than it earned?
For most of the past decade, Wisconsin Cove Inc. has reported expenses exceeding its revenue. For example, in 202309, revenue was $136,001 while expenses were $216,392. This trend has led to a decrease in assets from $2,126,526 in 201609 to $1,564,854 in 202409, suggesting the organization has been using its reserves to cover operational costs.
What caused the significant increase in revenue in the latest filing (202409)?
The latest filing for period 202409 shows revenue of $233,952, a substantial increase compared to previous years where revenue typically hovered around $130,000-$140,000. The provided data does not specify the source of this increase, but it represents a positive shift from the long-standing trend of stagnant or declining revenue.
Is the organization's asset decline a concern?
Yes, the consistent decline in assets from over $2 million in 2017 to $1.56 million in 2024, largely due to expenses exceeding revenue, is a concern for long-term financial sustainability. While the organization still holds significant assets relative to its annual budget, this trend is not sustainable indefinitely without a change in financial operations.
Filing History
IRS 990 filing history for Wisconsin Cove Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Wisconsin Cove Inc's revenue has grown by 84.3%, moving from $127K to $234K. Total assets decreased by 28.2% over the same period, from $2.2M to $1.6M. Total functional expenses rose by 55.3%, from $133K to $207K. In its most recent filing year (2024), Wisconsin Cove Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $38K in liabilities against $1.6M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $234K | $207K | $1.6M | $38K | — | — |
| 2023 | $136K | $216K | $1.6M | $115K | — | View 990 |
| 2022 | $125K | $201K | $1.7M | $110K | — | View 990 |
| 2021 | $138K | $202K | $1.8M | $110K | — | View 990 |
| 2020 | $142K | $184K | $1.8M | $105K | — | View 990 |
| 2019 | $132K | $186K | $1.9M | $106K | — | View 990 |
| 2018 | $132K | $218K | $2.0M | $157K | — | View 990 |
| 2017 | $144K | $172K | $2.0M | $106K | — | View 990 |
| 2016 | $133K | $200K | $2.1M | $202K | — | View 990 |
| 2015 | $136K | $182K | $2.1M | $118K | — | View 990 |
| 2014 | $133K | $162K | $2.1M | $109K | — | View 990 |
| 2013 | $130K | $155K | $2.2M | $103K | — | View 990 |
| 2012 | $134K | $134K | $2.2M | $101K | — | View 990 |
| 2011 | $127K | $133K | $2.2M | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $234K, expenses of $207K, and assets of $1.6M (revenue +72.0% year-over-year).
- 2023: Revenue of $136K, expenses of $216K, and assets of $1.6M (revenue +8.6% year-over-year).
- 2022: Revenue of $125K, expenses of $201K, and assets of $1.7M (revenue -9.0% year-over-year).
- 2021: Revenue of $138K, expenses of $202K, and assets of $1.8M (revenue -3.2% year-over-year).
- 2020: Revenue of $142K, expenses of $184K, and assets of $1.8M (revenue +7.7% year-over-year).
- 2019: Revenue of $132K, expenses of $186K, and assets of $1.9M (revenue +0.4% year-over-year).
- 2018: Revenue of $132K, expenses of $218K, and assets of $2.0M (revenue -8.9% year-over-year).
- 2017: Revenue of $144K, expenses of $172K, and assets of $2.0M (revenue +8.7% year-over-year).
- 2016: Revenue of $133K, expenses of $200K, and assets of $2.1M (revenue -2.1% year-over-year).
- 2015: Revenue of $136K, expenses of $182K, and assets of $2.1M (revenue +2.0% year-over-year).
- 2014: Revenue of $133K, expenses of $162K, and assets of $2.1M (revenue +2.6% year-over-year).
- 2013: Revenue of $130K, expenses of $155K, and assets of $2.2M (revenue -3.3% year-over-year).
- 2012: Revenue of $134K, expenses of $134K, and assets of $2.2M (revenue +5.6% year-over-year).
- 2011: Revenue of $127K, expenses of $133K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wisconsin Cove Inc:
Data Sources and Methodology
This transparency report for Wisconsin Cove Inc 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.