Covenant International Foundation

Analysis

Covenant International Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1983, 43 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 2023, Covenant International Foundation reported income of $266k and spending of $296k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $175k to $266k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant International Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include West Central Missouri Oaktree Villa Corporation ($266k), Midwifery Education Accreditation Council ($267k) and Goodwin House Development Corporation ($266k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $921k against liabilities of $0, net assets of $921k.