Covenant Health Network

Analysis

Covenant Health Network is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Covenant Health Network reported income of $3.8m and spending of $3.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Health Network sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include American Friends Shamir Medical Center ($3.8m), Metrolina Association for the Blind Inc ($3.8m) and Progress House Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $1.1m (31% of expenses). Other salaries and wages came to $258k. At year end it held assets of $789k against liabilities of $145k, net assets of $644k. It reported 8 employees.