Church of the Covenant Permanent Endowment Fund Inc

Analysis

Church of the Covenant Permanent Endowment Fund Inc is a registered charity in United States, based in Junction City, KS. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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, Church of the Covenant Permanent Endowment Fund Inc reported income of $150k and spending of $131k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $150k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Church of the Covenant Permanent Endowment Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within KS. Charities of a similar size with the same main cause include Guides Trust Foundation Inc ($150k), Little League Baseball Inc ($150k) and Jugaad Leadership Program ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.