Covenant Living of Bixby Inc

Analysis

Covenant Living of Bixby Inc 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Covenant Living of Bixby Inc reported income of $3.8m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $3.8m (+65%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant Living of Bixby Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Hearth Inc ($3.8m), FSL Management ($3.8m) and Housing Initiative Partnership Inc ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $13.4m against liabilities of $14.0m, net assets of -$602k. It reported 62 employees.