Covenant House Inc

Analysis

Covenant House Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1966, 60 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Inc reported income of $4.5m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Mill Neck Services Inc ($4.4m), Visiting Nurse Assn of Eastern Mass ($4.5m) and Columbus Regional Healthcare System Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $308k (6.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.3m against liabilities of $359k, net assets of $2.9m. It reported 56 employees.