Covenant House Georgia Inc

Analysis

Covenant House Georgia Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. 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 Georgia Inc reported income of $6.0m and spending of $7.8m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.0m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income rose by 122%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant House Georgia Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Forty Carrots of Sarasota Inc ($6.0m), Special Olympics North Carolina Inc ($6.0m) and Kentucky River Area Development District Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $349k (4.5% of expenses). Other salaries and wages came to $3.5m. It paid $111k in professional fundraising fees. At year end it held assets of $20.5m against liabilities of $7.9m, net assets of $12.6m. It reported 121 employees.