Walter Franklin and Dorothy G Covington Foundation
Only null% goes to programs Strong reserves
Walter Franklin and Dorothy G Covington Foundation is a 501(c)(3) organization based in Irvington, Virginia, registered in 2000, with $19,632 in FY2024 revenue. CharityIndex grades it F.
Po Box 590, Irvington, VA, 22480 EIN 54-1986978 Since 2000
Revenue (FY2024)
$20K
▼ 68.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$45K
Net assets
$165K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Walter Franklin and Dorothy G Covington Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating44 mo reserves · -130% margin
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 Walter Franklin and Dorothy G Covington Foundation: 44 mo reserves · -130% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Walter Franklin and Dorothy G Covington Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Walter Franklin and Dorothy G Covington Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 590, Irvington, VA, 22480
- City
- Irvington
- State
- Virginia
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $22K (FY2013) to $20K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $165K
Operating margin
-130.3%
Spent more than it raised in the latest fiscal year.
Total assets
$165K
Total liabilities
$0
Net assets
$165K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,632▼68.8% | $45,219▲11.5% | $165,462▼13.4% | $165,462▼13.4% | 990PF |
| 2023 | $62,861▲56.9% | $40,562▼5.3% | $191,049▲16.5% | $191,049▲13.2% | 990PF |
| 2022 | $40,052▲126% | $42,853▲10.2% | $164,043▼1.7% | $168,750▼17.1% | 990PF |
| 2021 | $17,720▼69.4% | $38,900▼16.9% | $166,844▼11.3% | $203,644▲5.2% | 990PF |
| 2020 | $57,815▲200% | $46,813▲4.7% | $188,024▲11.1% | $193,624▼2.6% | 990PF |
| 2019 | $19,275▲10.2% | $44,709▲5.0% | $169,201▼13.1% | $198,701▼9.6% | 990PF |
| 2018 | $17,487▼11.5% | $42,569▲4.6% | $194,635▼11.4% | $219,717 | 990PF |
| 2017 | $19,758▲247% | $40,712▼5.7% | $219,717▼8.7% | $219,717▼18.2% | 990PF |
| 2016 | -$13,485▼153% | $43,174▼6.0% | $240,671▼19.1% | $268,548▼18.2% | 990PF |
| 2015 | $25,463▲50.5% | $45,906▲26.4% | $297,330▼6.4% | $328,422▼1.4% | 990PF |
| 2014 | $16,923▼21.8% | $36,314▲10.0% | $317,773▼5.8% | $332,960▼1.2% | 990PF |
| 2013 | $21,633 | $33,007▲5.8% | $337,164▼3.3% | $337,164▼3.8% | 990PF |
| 2012 | — | $31,208▲0.8% | $348,538▼4.5% | $350,427▼8.2% | 990PF |
| 2011 | — | $30,951▲17.4% | $365,124▼2.3% | $381,532▼1.7% | 990PF |
| 2010 | — | $26,359 | $373,719 | $388,297 | 990PF |
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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Frequently asked questions
- Is Walter Franklin and Dorothy G Covington Foundation a legitimate nonprofit?
- Yes. Walter Franklin and Dorothy G Covington Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-1986978, based in Irvington, Virginia. Donations are tax-deductible.
- What is Walter Franklin and Dorothy G Covington Foundation's EIN?
- Walter Franklin and Dorothy G Covington Foundation's Employer Identification Number (EIN) is 54-1986978.
- How much revenue does Walter Franklin and Dorothy G Covington Foundation report?
- Walter Franklin and Dorothy G Covington Foundation reported $19,632 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Walter Franklin and Dorothy G Covington Foundation have?
- CharityIndex grades Walter Franklin and Dorothy G Covington Foundation F, based on financial health (reserves and operating margin).
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Data for Walter Franklin and Dorothy G Covington Foundation (EIN 54-1986978) 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.