Covenant House Inc

Analysis

Covenant House Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Covenant House Inc reported income of $1.9m and spending of $2.3m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant House Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Madden Charities Inc ($1.9m), Christian School Association of Ann Arbor ($1.9m) and Monroe Educational Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $76k (3.2% of expenses). Other salaries and wages came to $535k. At year end it held assets of $2.8m against liabilities of $154k, net assets of $2.6m. It reported 13 employees.