Covalent Foundation
Reston, Virginia
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 20 peers in Philanthropy, Voluntarism & Grantmaking with <$100K revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
6 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,950,043↓3% | $1,721,040↓15% | $5,293,748↑5% | |
| 2022 | $2,007,227↑117% | $2,027,645↑2% | $5,064,745 | — |
| 2021 | $927,005↑201% | $1,996,825↑48% | $5,085,163↓17% | — |
| 2020 | $307,769↑245% | $1,350,814↓35% | $6,154,983↓14% | — |
| 2019 | $89,261↓99% | $2,092,398↑3727% | $7,198,028↑21% | — |
| 2015 | $6,001,005 | $54,680 | $5,946,325 | — |
Frequently Asked Questions
What does Covalent Foundation do?▼
Covalent Foundation is a philanthropy, voluntarism & grantmaking nonprofit organization based in Virginia. It is classified under NTEE code T20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covalent Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, Covalent Foundation has a score of 67/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Covalent Foundation generate?▼
Revenue data for Covalent Foundation is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.
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