Covenant to Care Inc

Analysis

Covenant to Care Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in December 1993, 33 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 June 2023, Covenant to Care Inc reported income of $848k and spending of $779k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $725k to $848k (+17%), an average of +4.0% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant to Care Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Florida Partnership to End Domestic Violence ($848k), The Brick Ministries Inc ($848k) and Childrens Advocacy Center of Caldwell County Inc ($848k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (16% of expenses). Other salaries and wages came to $128k. At year end it held assets of $276k against liabilities of $52k, net assets of $224k. It reported 6 employees.