Covenant House Alaska

Analysis

Covenant House Alaska is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1987, 39 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 House Alaska reported income of $15.4m and spending of $16.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $15.4m (+96%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House Alaska sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AK. Charities of a similar size with the same main cause include Interface Children Family Services ($15.4m), Intercommunity Action Incorporated ($15.4m) and Mid-Nebraska Individual Services Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $475k (2.8% of expenses). Other salaries and wages came to $7.8m. It paid $113k in professional fundraising fees. At year end it held assets of $35.0m against liabilities of $7.4m, net assets of $27.6m. It reported 184 employees.