Covenant Commonwealth Corporation

Analysis

Covenant Commonwealth Corporation is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Covenant Commonwealth Corporation reported income of $168k and spending of $350, leaving 100% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $78k to $168k (+115%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 492%. Over the whole period it spent 0.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant Commonwealth Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Win Project ($168k), Mobile Supportive Housing Inc ($168k) and Hempfield Apartments South ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $5.5m against liabilities of $217k, net assets of $5.3m.