Covering House

Analysis

Covering House is a registered charity in United States, based in Fenton, MO. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Covering House reported income of $2.5m and spending of $1.5m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.5m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covering House sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Marion County Senior Citizens Center Inc ($2.5m), Pennsylvania Family Institute ($2.5m) and Families Rising ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $71k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.7m against liabilities of $73k, net assets of $3.7m. It reported 47 employees.