First Covenant Church Foundation

Analysis

First Covenant Church Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, First Covenant Church Foundation reported income of $92k and spending of $60k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $92k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 289%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Covenant Church Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within NE. Charities of a similar size with the same main cause include Scott Nute Global Ministries Inc ($92k), Sinh Thuc Mindful Living Society ($92k) and Zia-Ul-Karam Islamic Center Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $997k against liabilities of $0, net assets of $997k.