Coverica Cares Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To serve others faithfully, steward resources responsibly, and show up consistently for those in need.
- Income
- $104,181
- Spending
- $91,880
- Reserves
- 2.3 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $1,230 spent. Exotic car show events occur throughout the year with the largest event at the end of the year. Unrestricted support from sponsors and other related entrance fees by participants to the event totalled $25,491. Event expenses, principally related to credit charges associated with event collections totalled $1,230. Surplus funds were used to pay our grants/support to the CoVerica Cares charities.
- $118 spent. CoVerica Cares raises funds/support related to the North Texas Giving Day, an area wide event sponsored by Communities Foundation of Texas. Charities participating in the NTGD receive matching funds (unrelated to CoVerica Cares) when entities designate charities to receive funds through this program. CoVerica Cares raised $9050 of which $9050 was given to NTGD. Expenses, principally from credit card and other related collections media totalled $118
- $636 spent. Annual golf tournament whereby the unrestricted net proceeds from the event, principally from golf entrants are used to fund annual contributions to CoVerica Cares sponsor charities. $21311 was raised by the golf tournament from which $$636 in program expenses principally related to credit card charges were incurred.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.