Covenant Charities

Analysis

Covenant Charities is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Covenant Charities reported income of $121k and spending of $158k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $121k (+14%), an average of +14% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Charities sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include James Place Child Care Program Inc ($121k), Friends of Seniors of Dutchess County ($121k) and Penultimate Development ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,131 against liabilities of $0, net assets of $3,131.