Covenant Childrens Home Inc

Analysis

Covenant Childrens Home Inc is a registered charity in United States, based in Dunnellon, FL. It received its IRS tax-exemption ruling in January 2003, 23 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 Childrens Home Inc reported income of $439k and spending of $348k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $439k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 313%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Childrens Home Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Turkey Club Inc ($439k), Helping Hand Me Downs ($439k) and North American Native Research and Education Foundation Inc ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Other salaries and wages came to $162k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 4 employees.