Covenant Living Services

Analysis

Covenant Living Services is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in April 2024, 2 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Covenant Living Services reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.7m to $1.4m (-17%), an average of -4.5% a year. The sharpest change came in the year to September 2022, when income rose by 97%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant Living Services sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Ascend Housing Allies Incorporated ($1.4m), Volunteers of America Inc ($1.4m) and North Bay Human Development Corp ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $643k. At year end it held assets of $4.1m against liabilities of $3.3m, net assets of $818k.