Covenant Living at Windsor Park

Analysis

Covenant Living at Windsor Park is a registered charity in United States, based in Carol Stream, IL. It received its IRS tax-exemption ruling in May 2023, 3 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 at Windsor Park reported income of $38.2m and spending of $35.6m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.7m to $38.2m (+95%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Covenant Living at Windsor Park sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Twin Lakes ($38.2m), Satellite Affordable Housing Associates ($38.3m) and First Chinese Presbyterian Community Affairs Home Attendant C ($38.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $231k (0.6% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $85.9m against liabilities of $112.7m, net assets of -$26.7m. It reported 387 employees.