Covenant Shelter of New London Inc

Analysis

Covenant Shelter of New London Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Covenant Shelter of New London Inc reported income of $467k and spending of $404k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $403k to $467k (+16%), an average of +3.8% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant Shelter of New London Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Ahepa 343 Inc ($467k), Oakridge Townhouses Inc ($468k) and Delta Care Hope Foundation ($467k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $267k. At year end it held assets of $639k against liabilities of $8,336, net assets of $630k. It reported 19 employees.