Covenant Home of Chicago

Analysis

Covenant Home of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Covenant Home of Chicago reported income of $4.1m and spending of $3.2m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $4.1m (+110%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 53%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Home of Chicago sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Deaf Community Services of San Diego Inc ($4.1m), Chac ($4.1m) and Richmond Medical Center Foundation Inc ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $9.4m against liabilities of $5.9m, net assets of $3.5m. It reported 48 employees.