Covenant House New Jersey Inc

Analysis

Covenant House New Jersey Inc is a registered charity in United States, based in Newark, NJ. 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 New Jersey Inc reported income of $14.6m and spending of $15.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $14.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House New Jersey Inc 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 97th percentile within NJ. Charities of a similar size with the same main cause include Young Womens Christian Association of Greater Los Angeles California ($14.6m), Central Missouri Area Agency on Aging ($14.6m) and Justice for Our Neighbors Nebraska ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $681k (4.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $21.7m against liabilities of $4.9m, net assets of $16.7m. It reported 183 employees.