Covenant Enabling Residences of Illinois

Analysis

Covenant Enabling Residences of Illinois is a registered charity in United States, based in Oak Forest, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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 June 2023, Covenant Enabling Residences of Illinois reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant Enabling Residences of Illinois sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Del-Mor Dwellings Corp ($2.6m), Childrens Development Academy Inc ($2.6m) and Merrimack Valley Day Care Service ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 96% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $560k, net assets of $1.8m. It reported 67 employees.