The Cove-rincon Corp is a 501(c)(3) organization based in Miami, Florida, registered in 1996, with $24,294 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$24K
▼ 27.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$33K
Net assets
$7,597
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Cove-rincon Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Cove-rincon Corp: 3 mo reserves · -34% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Cove-rincon Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Cove-rincon Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $22K (FY2021) to $24K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-34.2%
Spent more than it raised in the latest fiscal year.
Total assets
$7,597
Total liabilities
$0
Net assets
$7,597
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $24,294▼27.7% | $32,606▲16.9% | $7,597▼52.2% | $7,597▼52.2% | 990EZ |
| 2023 | $33,586▼8.7% | $27,884▼1.4% | $15,909▲55.9% | $15,909▲55.9% | 990EZ |
| 2022 | $36,769▲69.1% | $28,282▲18.9% | $10,207▲493% | $10,207▲493% | 990EZ |
| 2021 | $21,750 | $23,794 | $1,720 | $1,720 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for The Cove-rincon Corp (EIN 65-0612531) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.