Covenant House Washington DC

Analysis

Covenant House Washington DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1989, 37 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 Washington DC reported income of $6.9m and spending of $8.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $6.9m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 61%. 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 House Washington DC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Goodness Village ($6.9m), Carc Inc ($6.9m) and Catholic Charities of Stockon ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $431k (5.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $7.4m against liabilities of $3.5m, net assets of $3.9m. It reported 136 employees.